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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_Wallet
Jan 23, 2018 | Health Care| Taxes

Three-Week Funding Deal Includes $30 Billion in Tax Cuts

Lawmakers came to a bipartisan agreement to end the federal government shutdown yesterday, but it came with a very high price. The continuing...
Concept_DC_Capitol Building
Jan 23, 2018 | Other Spending

Appropriations Watch: FY 2018

Last updated 1/23/2018. The President signed a continuing resolution this week that funds the government through February 8, 2018, extends the...
Donald Trump
Jan 19, 2018 | Budgets & Projections

President Trump's Fiscal Record So Far

As the first year of the Trump Presidency closes, it is worth taking a look at how the fiscal health of the country has changed since President Trump...
Concept_Debt_pennies
Jan 17, 2018 | Health Care| Other Spending

House Continuing Resolution Sets Stage for Over $300 Billion in Costs

House Republicans released a draft continuing resolution (CR) last night to extend current levels of discretionary spending through February 16,...
Concept_DC_Capitol Building_Money
Jan 11, 2018 | Other Spending

Lawmakers Should Offset Upcoming Disaster Relief

One of many things lawmakers are poised to take up early in the year is additional disaster relief in response to Hurricanes Harvey, Irma, and Maria...
Jan 10, 2018

The Hill: Head of Nonprofit Watchdog Fights with Both Parties

Maya MacGuineas is the president of the Committee for a Responsible Federal Budget. She was recently profiled in an article by Niv...
Concept_Money_Green
Jan 9, 2018 | Other Spending

Sequester Relief is Too Costly to Add to the Credit Card

During the busy end to the year, lawmakers enacted a continuing resolution (CR) to keep the government funded through January 19. When that CR ends,...
Jan 8, 2018 | Budgets & Projections

National Economists Club Speech: The Return of Trillion-Dollar Deficits

As lawmakers return for the new year after the enactment of the Tax Cuts and Jobs Act (TCJA), they also face a new budget outlook with higher debt,...
Concept_Stock Market_Recession

Sizing Up Revenue With the Tax Bill Enacted

As lawmakers return for the new year after the enactment of the Tax Cuts and Jobs Act (TCJA), they also face a new budget outlook with significantly...
Jan 5, 2018 | Taxes

Resources for Tax Reform

Efforts to reform the tax code are underway, and the legislative process is in full swing. CRFB has been tracking and compiling the scores of each...
Concept_World_Money
Jan 3, 2018 | Taxes

Official Analysis Finds Tax Bill Will Produce Marginal Growth, Cost $1.1 Trillion

At the end of December, the Joint Committee on Taxation (JCT) released its final dynamic analysis of the Tax Cuts and Jobs Act (TCJA). JCT's analysis...
concept_fiscal_new_year_confetti
Dec 29, 2017 | Budgets & Projections

CRFB's Top 10 Charts of 2017

The year 2017 was a busy time for budget policy as lawmakers considered major legislation dealing with health care and taxes following the...
Dec 20, 2017 | Taxes

Marc Goldwein: Debt Matters Even More After Tax Bill's Passage

Marc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget. He recently wrote an...
Concept_Capitol Building_Money
Dec 20, 2017 | Budgets & Projections

Lawmakers Are Getting Closer to Bringing Back Trillion-Dollar Deficits

Lawmakers are closer to making trillion-dollar deficits a reality again by next fiscal year as a result of the passage of the final, conferenced...
Maya MacGuineas
Dec 19, 2017 | Taxes

Maya MacGuineas: Standing Strong Against Increasing the National Debt

Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
Concept_DC_Capitol Building Sunrise
Dec 19, 2017 | Taxes

Comparing the Conference Report With the House & Senate Tax Bills

The House-Senate conference committee has released its version of the Tax Cuts and Jobs Act (TCJA), and we've updated our blog comparing the final...
Concept_DC_Capitol Building
Dec 18, 2017 | Taxes

Final Tax Bill Could End Up Costing $2.2 Trillion

The final conference committee agreement of the Tax Cuts and Jobs Act (TCJA) would cost $1.46 trillion under conventional scoring and over $1...
Health Care_Doctors
Dec 15, 2017 | Health Care| Taxes

Health Package Sets Stage For Nearly $600 Billion of Costs

Ways and Means Committee Republicans have offered a package of health legislation that would delay several Affordable Care Act (ACA or "Obamacare")...
Debt Clock
Dec 13, 2017 | Budget Process

With Debt Limit Reinstated, It's Time for Reform

As lawmakers go to conference for the tax bill, an important issue has flown under the radar. The debt limit was reinstated on December 9 after the...
Maya MacGuineas
Dec 12, 2017 | Budgets & Projections

Maya MacGuineas: An Opportunity to Improve the Tax Bill While Replacing the PAYGO Sequester

Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...

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