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 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 “...
Jun 8, 2021 | Other Spending| Economics

COVID Relief Continues to Bolster Personal Income

New data from the Bureau of Economic Analysis (BEA)...
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Jun 7, 2021 | Budgets & Projections

Maya MacGuineas: Biden's Budget Reflects His Priorities, but Leaves Debt Unchecked

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...
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Jun 4, 2021 | Social Security

Time is Running Out to Save Social Security

Social Security, the nation's largest and arguably most important government program, is only a ...
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Jun 4, 2021 | Budgets & Projections

Breaking Down the Proposals in the President's FY 2022 Budget

Last week, the Biden Administration released its first full budget...
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Partial Student Debt Cancellation is Poor Economic Stimulus

Last year, we estimated that fully canceling student...
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Jun 2, 2021 | Other Spending

Bipartisan Senate Highway Bill Needs Offsets

The Senate Environment and Public Works (EPW) Committee...
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May 28, 2021 | Budgets & Projections

An Overview of the President’s FY 2022 Budget

Moments ago, President Joe Biden unveiled his Fiscal Year (FY) 2022 budget proposal,...
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May 26, 2021 | Budgets & Projections

What We Hope to See in the President's FY 2022 Budget

The White House is slated to release President Biden’s first full budget proposal this Friday. Although the Fiscal Year (FY) 2022 budget request...

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