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.
Nov 9, 2021 | Taxes

Build Back Better SALT Gains for the Rich Eclipse Child Credit Boost

The current version of the Build Back Better Act under consideration in the House would increase the state and local tax (SALT) deduction cap from $...
Concept_DC_Capitol Building
Nov 8, 2021 | Other Spending

What's in the House's Build Back Better Act?

We have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here.  The House is poised to...
Concept_Capitol Building_Money
Nov 4, 2021 | Other Spending| Taxes

An Update on Build Back Better Offsets

We have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here.  Last week, the White...
Nov 3, 2021 | Taxes

$72,500 SALT Cap is Costly and Regressive

The latest version of the Build Back Better Act being considered by the House Rules Committee would increase the state and local tax (SALT...
Nov 3, 2021 | Other Spending| Economics

State and Local Governments Flush with Cash

The Bureau of Economic Analysis (BEA) recently released data on state and local government spending and receipts in the third quarter of 2021....

5-Year SALT Cap Repeal Would Be Costliest Part of Build Back Better

According to press reports, policymakers are considering adding a five-year repeal of the $10,000 cap on the State and Local Tax (SALT) deduction to...
Nov 1, 2021 | Other Spending

Build Back Better Visualized

Last week, the White House released a $1.75 trillion framework for the reconciliation bill currently working its way through Congress. When combined...
Taxes_Calculator

Reconciliation May Deliver a Tax Cut to the Rich

While much of the discussion surrounding the Build Back Better reconciliation package has focused on tax increases on the ...
Oct 29, 2021 | Taxes

Bank Reporting Can Help Reduce the Tax Gap

The White House has proposed a new framework for the Build Back Better reconciliation package that includes $80 billion of IRS enforcement funding...
Taxes_IRS
Oct 29, 2021 | Taxes

Event Recap: Tax Gap Myths and Facts: A Conversation with Natasha Sarin

On October 26, the Committee for a Responsible Federal Budget hosted “Tax Gap Myths and Facts: A Conversation with Natasha Sarin.” The virtual event...

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