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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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Oct 9, 2018 | Budgets & Projections

CBO Shows $782 Billion Deficit for FY 2018

Late last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...
Sep 28, 2018

CRFB on the Road

Over the last few weeks, we at CRFB and the Campaign to Fix the Debt have been traveling around the country, participating in panels, and doing...
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Sep 28, 2018 | Budgets & Projections

A Fiscal Year Defined by $2.4 Trillion In New Debt

Typically, we mark the end of the fiscal year, which will occur on Monday, by reviewing important numbers for the previous fiscal year. This year,...
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Sep 27, 2018 | Taxes

JCT: Tax Cuts 2.0 Would Slow Long-Term Economic Growth

The Joint Committee on Taxation (JCT) has released an official dynamic score of "Tax Reform 2.0" – a bill permanently extending last December's tax...
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Sep 25, 2018 | Budget Process

Co-Chair Lowey Proposes Reforms to the JSC

The Joint Select Committee on Budget and Appropriations Process Reform (JSC) continues to work on its recommendations, which are due at the end of...
Sep 24, 2018

CRFB 2018 Annual Dinner: Celebrating our Commitment to Fiscal Responsibility

On Thursday, September 13, the Committee for a Responsible Federal Budget hosted its 2018 Annual Dinner at the Liaison Hotel on Capitol Hill. We...
Sep 21, 2018 | Taxes

No, Really, Tax Revenue Has Not Risen

Update: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department. At the...
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Sep 18, 2018 | Budgets & Projections

The Progressive Caucus FY 2019 "People's Budget"

The Congressional Progressive Caucus (CPC) released its “The People’s Budget: A Roadmap for the Resistance” for Fiscal Year (FY) 2019, which calls...
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Sep 13, 2018 | Health Care| Taxes

House to Consider Another $59 Billion of Tax Cuts

The House will likely consider a package of health-related tax cuts this week, separate from the permanent extension of the 2017 tax...
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Sep 12, 2018 | Taxes

Tax Cut Extensions Would Cost $657 Billion

The House Ways and Means Committee on Monday released three bills they are dubbing "Tax Reform 2.0." The biggest of these bills would extend many of...
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Sep 6, 2018 | Health Care

CMS Takes Some Steps to Improve Medicare Payments

Over the past two months, the Center for Medicare and Medicaid Services (CMS) has proposed or issued several new rules aimed at reducing costs and...
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Aug 31, 2018 | Budget Process

We Need Functional, Not Budget-Busting, Bipartisanship

The House and Senate appear to be moving through the appropriations process better and faster than any time in at least the last nine years. Congress...
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Aug 28, 2018 | Economics

CBO Shows Faster Growth Is Important for Fixing the Debt

Strong, sustained economic growth is an important ingredient in putting the debt on a sustainable course. In addition to increasing incomes and...
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Taking a Look at CBO's New Transparency Efforts

The Congressional Budget Office (CBO) has worked hard to improve transparency and accessibility of its data and analysis. Over the past two years,...
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Aug 17, 2018 | Social Security

Rokita Introduces Reforms to SSDI

Our McCrery-Pomeroy SSDI Solutions Initiative shows the importance of improving the Social Security Disability Insurance (SSDI) program and puts...
Aug 17, 2018 | Other Spending

Congress Should Reform NFIP

Authorization for the nation’s primary flood insurance, the National Flood Insurance Program (NFIP), expires November 30. Unless Congress acts to...
Aug 16, 2018 | Taxes

Has Revenue Risen in 2018?

Update: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department. The...
Maya MacGuineas
Aug 15, 2018 | Budgets & Projections

Maya MacGuineas: Fiscal Recklessness Puts the Next Crisis on Our Doorstep

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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CBO Releases New Economic Projections

The Congressional Budget Office (CBO) released new ten-year economic projections today, updating its projections from April. The latest...
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Aug 9, 2018 | Other Spending| Taxes

A Plan to Save the Highway Trust Fund

House Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) recently introduced a discussion draft of legislation to improve the...

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