Concept_DC_Capitol Building

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.

Aug 15, 2019 | Budgets & Projections

Where Does the Budget Stand Compared to Historical Averages?

Recently, there has been a lot of discussion over whether the country has a revenue problem or a spending problem. While there is no way to...
Concept_DC_Capitol Building Sunrise
Aug 15, 2019 | Other Spending

Appropriations Watch: FY 2020

Updated 8/15/2019: Press reports indicated the Senate would not proceed with appropriations bills until lawmakers reached a deal with the White House...
Concept_calculator
Aug 7, 2019 | Other Spending

Was a "No" Vote on the Budget Deal a Vote for "More Spending"?

In support of the $1.7 trillion Bipartisan Budget Act of 2019 (BBA19), Senator David Perdue (R-GA) gave a floor speech and penned an op-ed arguing...
Concept_DC_Capitol Building_Money
Aug 7, 2019 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

Updated 8/7/2019: The House passed an agreement to raise the discretionary spending caps by $160 billion each year for FY 2020 and FY 2021 and...
Concept_Health Care_RX Bottles
Aug 7, 2019 | Health Care

Senate Finance Prescription Drug Bill Would Reduce Deficits by $100 Billion

The Senate Finance Committee recently approved by a 19-9 vote a prescription drug bill, the Prescription Drug Pricing Reduction Act, that the...
Concept_Debt_pennies
Jul 31, 2019 | Budgets & Projections

Even With Lower Interest Rates, Debt Remains Unsustainable

With the Federal Reserve today announcing a 0.25 percentage point decrease in the federal funds rate, it appears interest rates will remain...
Jul 31, 2019 | Budgets & Projections

Recent Fiscal Irresponsibility Will Double Deficits

As deficits are expected to climb above $1 trillion in the coming years, it's worth noting that tax cuts and spending hikes passed just in the...
Concept_Debate
Jul 30, 2019

Factchecking and Live-Tweeting the Democratic Presidential Primary Debates

Tonight and tomorrow's Democratic presidential primary debates mark the second of the 2020 campaign and will surely touch on fiscal issues. Through...
Donald Trump
Jul 25, 2019 | Budgets & Projections

President Trump’s $4 Trillion Debt Increase

If the recent budget deal is signed into law, it will be the third major piece of deficit-financed legislation in President Trump's term. In...
Concept_DC_Capitol Building Storm

Addressing Common Claims About the Budget Deal

The President and Congressional leaders announced a plan to raise the caps on discretionary spending by $322 billion for Fiscal Years (FY) 2020...

Budget Deal's Offsets Don't Even Cover The Interest

President Trump and leaders in Congress announced a deal this week to increase caps on discretionary spending by $169 billion in 2020 and $153...
Jul 24, 2019 | Social Security

Ways and Means to Hold Hearing on Social Security 2100 Act

The House Ways and Means Committee will hold a hearing on Social Security Subcommittee Chairman John Larson’s (D-CT) Social Security 2100 Act (SS2100...

Five Reasons to Oppose the Budget Deal

Congressional leaders and the President announced a proposed budget deal yesterday to raise the caps on discretionary spending for Fiscal Years (FY)...

Proposed Budget Agreement Could Cost $1.7 Trillion

Update: A Congressional Budget Office (CBO) score of the deal shows that the offsets are $55 billion rather than $77 billion as reported in the press...
Concept_Microphones
Jul 19, 2019 | Taxes

Watch: What Should We Do About the Zombie Tax Extenders?

The Committee for a Responsible Federal Budget hosted a lunch and panel discussion on What Should We Do About the Zombie Tax Extenders?  The...
Concept_calculator
Jul 18, 2019 | Taxes

Ways and Means Tax Package Could Cost Over $900 Billion Now

Last month, the House Ways and Means Committee approved a tax package that would revive and extend several tax extenders through 2020 and...

Maya MacGuineas: No budget. On the brink of default. It's a hell of a way to run a country.

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an...
Concept_DC_Capitol Building
Jul 12, 2019 | Budgets & Projections

CBO's Long-Term Debt Outlook Improved Slightly from Last Year, Here's Why

In its latest Long-Term Budget Outlook, the Congressional Budget Office (CBO) projects debt held by the public will rise from over 78 percent of...
Jul 10, 2019 | Taxes

Are There $1.6 Trillion in Tax Loopholes?

Former Vice President and 2020 presidential candidate Joe Biden told the Rainbow PUSH Coalition Convention on June 28 that the tax code contains $1.6...
Jul 10, 2019 | Other Spending

New Pension Bill Adds Too Much to the Debt

The House Ways & Means Committee is considering pension reform legislation that CBO estimates will add $64 billion to deficits over the...

Pages