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.
Dec 2, 2021 | Taxes

"Revenue Neutral" SALT Cap Relief is Costly and Regressive

Several senators are apparently pursuing "revenue neutral" state and local tax (SALT) deduction cap relief, meaning the cost of increasing the SALT...

A Permanent Build Back Better Act Could Cost $4.8 Trillion

UPDATE 12/10: Since this analysis was published, CBO has issued a correction to its initial estimate of H.R. 5376. Instead of adding $160...
Nov 24, 2021 | Other Spending

UPDATE: Build Back Better Visualized

UPDATE 12/10: Since this analysis was published, the Congressional Budget Office (CBO) has issued a correction to their initial estimate of H.R. 5376...
Nov 19, 2021 | Taxes

SALT Cap Repeal Below $500k Still Costly and Regressive

According to press reports, the Senate is considering repealing the $10,000 cap on the state and local tax (SALT) deduction for those making $...
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Nov 18, 2021 | Budgets & Projections

Full Estimates of the House Build Back Better Act

UPDATE 12/13: Since this analysis was published, CBO has issued a correction to its initial estimate of H.R. 5376. Instead of adding $160 billion to...
Nov 16, 2021 | Taxes

Marc Goldwein: There’s a baffling tax gift to the wealthy in the Democrats' social-spending bill

Marc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote...
Nov 15, 2021 | Budgets & Projections

Updated Budget Projections Show Record Debt by 2031

New estimates from the Committee for a Responsible Federal Budget project that debt as a percentage of Gross Domestic Product (GDP) is on track...
Nov 15, 2021 | Other Spending

Build Back Better Cost Would Double with Extensions

Note (11/30/2021): We have since published an updated analysis of the House-passed bill based on estimates from the Congressional Budget Office. Read...
Nov 12, 2021 | Taxes

Two-Thirds of Millionaires Get a Tax Cut Under Build Back Better, Due to SALT Relief

This week, the Tax Policy Center (TPC) released new estimates for how the Build Back Better Act will affect the tax burden of individuals at various...
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Nov 9, 2021

2021 Budget Ball Reception: Celebrating Our Commitment to Fiscal Responsibility

On Tuesday, November 2, the Committee for a Responsible Federal Budget hosted our annual Budget Ball reception on the rooftop of 101 Constitution...

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