Committee for a Responsible Federal Budget
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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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Jul 26, 2021 | Health Care

Two Ways to Reduce Prescription Drug Costs

High and rising prescription drug costs are contributing to the budgetary pressure faced by the federal government. Also, a significant...
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Jul 22, 2021 | Budget Process

Kent Conrad: Congress should reinstate the 'Conrad Rule' to prevent abuse of budget reconciliation

Kent Conrad is a former senator from North Dakota, a former Chairman of the Senate Budget Committee, and a member of the Committee for a...
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True Cost of Budget Plan Could Exceed $5 Trillion

The Senate may soon move forward on reconciliation instructions to allow for the...
Jul 8, 2021

Maya MacGuineas on Fox Business Discussing the Growing National Debt

Committee for a Responsible Federal Budget President Maya MacGuineas joined “Mornings with Maria" on Fox Business to discuss the status of COVID...
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Jul 6, 2021 | Taxes

Republican and Democratic Presidents Support Reducing the Tax Gap

One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap," or the difference...
Jul 6, 2021 | Other Spending

How Long Before Cancelled Student Debt Would Return?

Federal student loan borrowers currently owe $1.6 trillion of student debt to the federal government. Cancelling some or all debt for current...
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Jul 1, 2021 | Budgets & Projections

CBO Releases July 2021 Budget and Economic Outlook

The Congressional Budget Office (CBO) just released its updated Budget and Economic Outlook...
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Jun 30, 2021 | Taxes

Group of Senators Introduce Bill to Narrow the Tax Gap

Last month, Senator Angus King (I-ME), along with Senators Sherrod Brown (D-OH) and Tim Kaine (D-VA), introduced the Stop Corporations and...
Jun 29, 2021 | Budgets & Projections

Kerrey and Danforth Sound the Alarm on Long-Term Debt

Former Senators Bob Kerrey (D-NE) and John C. Danforth (R-MO) recently published an op-ed in the Wall Street Journal highlighting the need to...
Jun 23, 2021 | Other Spending

Over Half of States Ending Federal Unemployment Benefits Early

Twenty-six states have announced that they are ending the expanded federal unemployment benefits in the American Rescue Plan prior to their...
Jun 22, 2021 | Health Care

Bipartisan Policy Center Highlights Need for Medicare Trust Fund Solutions

With just five years until the Medicare Hospital Insurance (HI)...
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There Are Plenty of Offsets for Infrastructure Package

A bipartisan group of senators has apparently reached agreement on a plan with...
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Jun 17, 2021 | Other Spending

What's In the Bipartisan Infrastructure Plan?

UPDATE 8/5: We have published a new...
Jun 17, 2021 | Taxes

Primer: Understanding the Tax Gap

One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap.” The tax gap is the...
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Jun 16, 2021 | Budgets & Projections

President's Budget Would Add More to Debt With Tax Cut Extensions

President Joe Biden's Fiscal Year (FY) 2022 budget ...
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Jun 16, 2021 | Budget Process

House Members Urge the Adoption of a Budget Resolution

On Monday, a group of five Democratic members of the House of Representatives sent a...
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How Much Would the President's Budget Extend Medicare Solvency?

The Medicare Hospital Insurance (HI) trust fund is only five years from insolvency according to both the...
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Jun 9, 2021 | Other Spending

Senate Finance Committee Hearing Highlights Need to Secure Highway Trust Fund

The Senate Finance Committee held a hearing last month titled “...

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