Committee for a Responsible Federal Budget
Washington Monument

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.
Sep 9, 2021 | Taxes

Closing the Stepped-Up Basis Loophole

Reconciliation should not add a penny to the national debt. As lawmakers work to craft a package with $3.5 trillion of new spending and tax...
Concept_DC_Washington Monument
Sep 7, 2021 | Budgets & Projections

Representatives Murphy and Cuellar Push for Fiscally Responsible Reconciliation

Representatives Stephanie Murphy (D-FL) and Henry Cuellar (D-TX) recently sent a letter to House majority leadership outlining principles for the...

Biden Administration’s SNAP Increase Could Add $180 Billion to Deficits

The U.S. Department of Agriculture (USDA) recently announced it will be revising the Thrifty Food Plan (TFP), used for the calculation of...

Event Recap: What's Going on With the Social Security and Medicare Trust Funds?

On September 1, the Committee for a Responsible Federal Budget hosted “What’s Going on With the Social Security and Medicare Trust Funds.” The event...
Sep 2, 2021 | Taxes

CBO Estimates $120 Billion from IRS Funding Boost

Today, the Congressional Budget Office (CBO) published an estimate of the revenue effects of President Biden’s proposal to increase Internal Revenue...

Trustees: Social Security & Medicare Approaching Insolvency

The Social Security (our analysis here) and Medicare (our analysis here) Trustees just released their annual reports for 2021 on the...
Aug 17, 2021 | Budgets & Projections

Comparing the Cost of Build Back Better to Other Recent Legislation

Lawmakers are preparing to consider both portions of President Biden's Build Back Better agenda – the Senate-passed bipartisan infrastructure bill...
Concept_DC_White House

It’s Time to Wind Down the Student Loan Moratorium

The Biden administration recently extended the federal student loan moratorium through January 2022. Under the moratorium, most federal student...
Aug 12, 2021 | Budgets & Projections

The Budgetary Implications of the Senate Budget Resolution

The recently released fiscal year (FY) 2022 Senate budget resolution provides reconciliation instructions allowing for deficit increases of up to $1....
Aug 11, 2021 | Budgets & Projections

How Much Could Build Back Better Add to the Debt, An Update

Note: with recent Administrative actions on SNAP, debt-to-GDP will be about 0.6 percent higher in all scenarios. As a result, it will now reach 107...