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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.

Concept_Debt
Sep 9, 2019 | Budgets & Projections

Debt Could Reach Record Levels by 2030

The Congressional Budget Office's (CBO) latest budget projections point to high and rising debt under current law, but the situation is far worse if...
Mitch Daniels on Bloomberg TV
Sep 6, 2019

CRFB Co-Chair Mitch Daniels on Bloomberg TV

Committee for a Responsible Federal Budget co-chair Mitch Daniels, former director of the Office of Management and Budget, appeared on Bloomberg TV's...
Sep 4, 2019 | Budgets & Projections

New House Members Stress Importance of PAYGO

A group of ten new Democratic members of the House of Representatives sent a letter to House committee chairs on Wednesday urging them to better...
Sep 4, 2019 | Social Security

Marc Goldwein: A better way to cut the payroll tax rate

Marc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote...
Concept_Health Care_RX Bottles
Aug 30, 2019 | Health Care

How to Reduce Health Costs By $900 Billion

There is no single magic bullet to rein in the high cost of health care for households, businesses, and governments. But lawmakers are currently...
Aug 29, 2019 | Economics

Maya MacGuineas: With a growing debt, a fiscally responsible blueprint is needed to handle the next recession

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...
Aug 21, 2019 | Budgets & Projections

New CBO Budget Projections Show Toll of Budget-Busting Legislation

The Congressional Budget Office (CBO) just released its latest baseline, projecting high and rising debt made worse by recent legislation. CBO...
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Aug 19, 2019 | Taxes

How Much Would a Payroll Tax Holiday Cost?

Update 8/20/19: While speaking in the Oval Office, President Trump confirmed that a payroll tax cut and indexing capital gains were under discussion...
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_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_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...
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...
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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...

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