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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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CBO Releases New Economic Projections

The Congressional Budget Office (CBO) released new ten-year economic projections today, updating its projections from April. The latest...
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Aug 9, 2018 | Other Spending| Taxes

A Plan to Save the Highway Trust Fund

House Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) recently introduced a discussion draft of legislation to improve the...
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Aug 8, 2018 | Budgets & Projections

CBO Shows That Policymakers Could Make the Long-Term Outlook Much Worse

The Congressional Budget Office (CBO) today released a look at various long-term budget scenarios. Most notably, the report shows how much more bleak...
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Aug 1, 2018 | Budget Process

Three Measures We Hope the JSC Will Consider

The Joint Select Committee on Budget and Appropriations Process Reform (JSC) has an important opportunity to improve our broken budget process....
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Aug 1, 2018 | Other Spending

Appropriations Watch: FY 2019

Last Updated 8/1/2018 Congress began appropriations work for FY 2019 in April. The enactment of the 2018 Bipartisan Budget Act increased defense and...
Maya MacGuineas
Aug 1, 2018 | Budgets & Projections

Maya MacGuineas: National Debt is About to Roar Back to Life as a Pressing Issue

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, published an op-ed with CNN. An excerpt is below. As a result of...
Jul 30, 2018 | Taxes| Economics

Has the Recent Economic Boom Offset 88% of the Cost of the Tax Cut?

In a Wall Street Journal op-ed shared by the House Ways and Means Committee, Mike Solon of US Policy Metrics makes the argument that thanks to...
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Jul 27, 2018 | Economics

Growth Just Hit 4.1 Percent – Don't Expect It To Last

The Bureau of Economic Analysis today released its initial estimate that the economy grew at a 4.1 percent annualized rate in the second ...
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Jul 26, 2018 | Social Security

Ways and Means Subcommittee Examines Changes to the SSDI Appeals Process

The House Ways and Means Subcommittee on Social Security held a hearing on July 25 regarding changes to the adjudication process for the Social...
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Jul 25, 2018 | Health Care| Taxes

House to Vote on $90 Billion of Tax Cuts

The House of Representatives is voting this week on three bills targeting health care-related tax provisions and expanding the use of...
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Jul 25, 2018 | Other Spending

Newest Kids' Share Report Projects Further Decline in Spending on Children

Federal spending on children will continue its expected decline, falling to roughly 7 percent of outlays and less than 2 percent of the economy...
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Jul 25, 2018 | Budgets & Projections

Watch the Debt Fixer in Action

We just updated our popular Debt Fixer interactive federal budget tool with new options to reflect recent tax and spending legislation and the latest...
Jul 24, 2018 | Budgets & Projections

Congress Is Struggling to Produce a Budget, So Do It Yourself with Our Debt Fixer Tool

The federal budget is more than 3 months overdue and the national debt is headed towards record levels. Now, we provide you an opportunity to show...
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Jul 19, 2018 | Budgets & Projections

Mid-Session Review Shows How Much Worse the Deficit Has Gotten in the Past Year

The Office of Management and Budget (OMB) released the Mid-Session Review (MSR) last week, updating the President's FY 2019 budget projections...
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Have Deficit Projections Doubled Because of the Tax Bill and BBA 2018?

Chairman of the House Ways and Means Committee Kevin Brady (R-TX) appeared on Fox Business this morning, where he was asked about CRFB's analysis...
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Jul 18, 2018 | Budget Process

Panetta Recommends Budget Reform to JSC

Committee for a Responsible Federal Budget co-chair Leon Panetta testified before the Joint Select Committee on Budget and Appropriations Process...
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Jul 12, 2018 | Budget Process

WATCH: Leon Panetta Testifies Before Budget Process Committee

Committee for a Responsible Federal Budget co-chair Leon Panetta testifies before the Joint Select Committee on Budget and Appropriations Process...
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Jul 11, 2018 | Health Care| Taxes

Ways and Means Committee Considering $92 Billion of Tax Cuts

The House Ways and Means Committee today is marking up a package of 11 tax bills related to health care. The Joint Committee on Taxation (...
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Jul 10, 2018 | Economics

Does CBO "Expect the TCJA to Significantly Boost" the Economy in 2018?

UPDATE: The FRBSF paper has been corrected to remove the erroneous claim that CBO’s growth estimates are well in excess of theirs. The below fact...
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Budget Process Changes in the FY 2019 House Budget

The Fiscal Year 2019 House budget resolution contains a number of interesting budget process proposals. The budget passed out of committee last month...

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