Committee for a Responsible Federal Budget
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Blog

Welcome to our blog – The Bottom Line, where you’ll find up-to-date commentary and analysis on the most important news in the fiscal world. Below is a list of our blog posts.

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Better Targeting in Reconciliation

As lawmakers negotiate the details of their reconciliation package,...
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Ways and Means Proposes $1.3 Trillion of Tax Breaks, $2.3 Trillion of Tax Hikes

UPDATE (9/13/2021): The Joint Committee on Taxation has released a full score...
Sep 10, 2021

SALT Cap Repeal Would Be a Costly Mistake

Recent reports indicate...
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Sep 9, 2021 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

The next few years will include several predictable fiscal policy deadlines that will force congressional action. Many provisions providing...
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Sep 9, 2021 | Other Spending

Appropriations Watch: FY 2022

Congress started marking up individual appropriations bills for Fiscal Year (FY) 2022 in June. Discretionary spending levels are no...
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Sep 9, 2021 | Taxes

Closing the Stepped-Up Basis Loophole

Reconciliation should not add a penny to the national debt. As lawmakers work to craft a package with ...
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FY 2022 Reconciliation Tracker

Last Updated: 9/16/2021 Budget reconciliation is underway (read more...
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Sep 7, 2021 | Budgets & Projections

Representatives Murphy and Cuellar Push for Fiscally Responsible Reconciliation

Representatives Stephanie Murphy (D-FL) and Henry Cuellar (D-TX) recently...

Event Recap: What's Going on With the Social Security and Medicare Trust Funds?

On September 1, the Committee for a Responsible Federal Budget hosted “What’s Going on With the Social Security and Medicare Trust Funds.” The...
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Sep 2, 2021 | Taxes

CBO Estimates $120 Billion from IRS Funding Boost

Today, the Congressional Budget Office (CBO) published an estimate of the revenue effects of...

Trustees: Social Security & Medicare Approaching Insolvency

The Social Security (our analysis here) and...
Aug 17, 2021 | Budgets & Projections

Comparing the Cost of Build Back Better to Other Recent Legislation

Lawmakers are preparing to consider both portions of President Biden's Build Back Better agenda – the Senate-passed...
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Aug 12, 2021 | Budgets & Projections

The Budgetary Implications of the Senate Budget Resolution

The recently released fiscal year (FY) 2022 ...
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Aug 10, 2021 | Other Spending

Former Budget Committee Director Warns Against Budgetary Gimmicks

Former Democratic House Budget Committee staff director Tom Kahn recently penned an...
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Aug 10, 2021 | Budget Process

Bipartisan House Group Sends Letter Calling for Process Reforms

A bipartisan group of ten members from the House of Representatives recently...
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Aug 9, 2021 | Budgets & Projections

CBO's Deficit Projections Are Higher, Here's Why

In its updated Budget and Economic Outlook, the...

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