Committee for a Responsible Federal Budget
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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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Jun 17, 2021 | Other Spending

Appropriations Watch: FY 2022

Congress is expected to start marking up individual appropriations bills for Fiscal Year (FY) 2022 in the coming weeks. Discretionary...
Jun 17, 2021 | Taxes

Primer: Understanding the Tax Gap

One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap.” The tax gap is the...
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Jun 16, 2021 | Budgets & Projections

President's Budget Would Add More to Debt With Tax Cut Extensions

President Joe Biden's Fiscal Year (FY) 2022 budget includes many significant changes that would add nearly $1.4 trillion to deficits...
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Jun 16, 2021 | Budget Process

House Members Urge the Adoption of a Budget Resolution

On Monday, a group of five Democratic members of the House of Representatives sent a letter to House Speaker Nancy Pelosi (D-CA) calling for...
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How Much Would the President's Budget Extend Medicare Solvency?

The Medicare Hospital Insurance (HI) trust fund is only five years from insolvency according to both the Congressional Budget Office (CBO) ...
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Jun 9, 2021 | Other Spending

Senate Finance Committee Hearing Highlights Need to Secure Highway Trust Fund

The Senate Finance Committee held a hearing last month titled “Funding and Financing Options to Bolster American Infrastructure,” covering the need...
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Jun 9, 2021 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

Updated 6/9/2021: On March 11, President Biden signed the American Rescue Plan, enacted through budget reconciliation, which includes an extension of...
Jun 8, 2021 | Other Spending| Economics

COVID Relief Continues to Bolster Personal Income

New data from the Bureau of Economic Analysis (BEA) for the month of April shows that disposable personal income (DPI) was 12.0...
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Jun 7, 2021 | Budgets & Projections

Maya MacGuineas: Biden's Budget Reflects His Priorities, but Leaves Debt Unchecked

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 ...
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Jun 4, 2021 | Social Security

Time is Running Out to Save Social Security

Social Security, the nation's largest and arguably most important government program, is only a few years from insolvency. Economists Jeffrey...

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