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.
Oct 28, 2021 | Budgets & Projections

What's in the Latest Build Back Better Framework?

We have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here.  The White House...

Could Reconciliation Deliver a Tax Cut to the Rich?

Note: This analysis was updated for new data and details on October 29, 2021. See the updated analysis here. While much of the discussion...
Concept_DC_Capitol Building Storm
Oct 26, 2021 | Other Spending

Maya MacGuineas: Reconciliation can work if Congress sets priorities and cuts the games

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 ...
Oct 25, 2021 | Taxes

SALT Cap Repeal Does Not Belong in Build Back Better

Press reports suggest lawmakers are considering adding a two-year repeal of the cap on the deduction for state and local taxes (SALT) to their...
Oct 22, 2021 | Other Spending

House Child Care Plan Cost Could Double If Made Permanent

As lawmakers discuss making numerous parts of the Build Back Better plan expire early, at least one part of the House bill — the expanded child...
Oct 22, 2021 | Budgets & Projections

Treasury: 2021 Deficit Was $2.8 Trillion

The Treasury Department released its final Monthly Treasury Statement for Fiscal Year (FY) 2021, showing a $2.8 trillion deficit for the year and...
Oct 22, 2021 | Health Care

House ACA Plan Will Cost Almost $600 Billion and Cover 4 Million People, CBO Finds

The Congressional Budget Office (CBO) this week released estimates for the health care coverage provisions in the House reconciliation bill. CBO...
Oct 21, 2021 | Other Spending

BBB Expirations Could Hide $1 to $2 Trillion of True Costs

As negotiations over President Biden’s Build Back Better reconciliation package continue, lawmakers are reportedly considering an extension of the...
Oct 15, 2021 | Taxes

Former IRS Commissioner Urges Congress to Expand Information Banks Report to the IRS

Former Internal Revenue Service (IRS) Commissioner Charles O. Rossotti, who served under Presidents Clinton and Bush, recently published an op-ed in...
Oct 5, 2021 | Taxes

Event Recap: Tax Policy in the Build Back Better Act

On September 29, the Committee for a Responsible Federal Budget hosted “Tax Policy in the Build Back Better Act.” The event featured a panel of...