Nov 5, 2018 | Taxes
The Tax Bill Did Not Cause Revenue to Rise
A common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is...
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.
Nov 2, 2018 | Budget Process
Resources and Recommendations for Joint Select Committee on Budget and Appropriations Process Reform
In February, the Bipartisan Budget Act of 2018 established the Joint Select Committee on Budget and Appropriations Process Reform (JSC) tasked with...
Nov 2, 2018 | Other Spending
A 5 Percent Discretionary Cut Still Provides Ample Spending
President Trump has asked each cabinet secretary to propose a plan to cut 5 percent of their agency's budget for next year. Assuming this...
Oct 26, 2018 | Economics
3rd Quarter Growth of 3.5 Percent is Good News, But Doesn't Reflect a Sustained Boost
The Bureau of Economic Analysis (BEA) today announced its initial estimate that the economy grew at a 3.5 percent annualized rate in the...
Oct 25, 2018 | Health Care
Marc Goldwein and Mark Litow: The fate of American health-care reform is on the ballot this November
Marc Goldwein is the senior vice president and senior policy director for the Committee for a Responsible Federal Budget, and Mark Litow is the...
WATCH: Budgeting for the Next Generation
The Committee for a Responsible Federal Budget will host a lunch and panel discussion on Budgeting for the Next Generation on Capitol Hill beginning...
Oct 19, 2018 | Budgets & Projections
Maya MacGuineas: Massive Deficit Was Totally Predictable & Self-Imposed
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 18, 2018 | Budgets & Projections
Moody's: Widening Deficit Foreshadows Decline in U.S. Fiscal Strength
With last year's deficit growing to $779 billion, Moody's Investors Service yesterday warned that the country's fiscal position is on a "gradual...
Oct 18, 2018 | Budgets & Projections
Are Defense and Disasters Causing the Deficit Increase?
When asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of...
Oct 17, 2018 | Budgets & Projections
Riedl Proposes Debt Reduction Plan
Brian Riedl, a senior fellow at the Manhattan Institute, recently released a budget plan to stabilize debt over the long term. The plan proposes...
Oct 16, 2018 | Other Spending
OMB and Congress Propose New Way to Budget for Federal Buildings
Both lawmakers and administration officials have recently begun advocating for a different approach to funding long-term physical federal investments...
Oct 15, 2018 | Budgets & Projections
Treasury: 2018 Deficit was $779 Billion
The Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113...
Oct 9, 2018 | Budgets & Projections
CBO Shows $782 Billion Deficit for FY 2018
Late last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...
Oct 1, 2018 | Budget Process
Upcoming Congressional Fiscal Policy Deadlines
Updated 10/1/2018: Congress has passed and the President has signed bills containing five of 12 appropriations bills and a continuing resolution...
Sep 28, 2018
CRFB on the Road
Over the last few weeks, we at CRFB and the Campaign to Fix the Debt have been traveling around the country, participating in panels, and doing...
Sep 28, 2018 | Budgets & Projections
A Fiscal Year Defined by $2.4 Trillion In New Debt
Typically, we mark the end of the fiscal year, which will occur on Monday, by reviewing important numbers for the previous fiscal year. This year,...
Sep 27, 2018 | Taxes
JCT: Tax Cuts 2.0 Would Slow Long-Term Economic Growth
The Joint Committee on Taxation (JCT) has released an official dynamic score of "Tax Reform 2.0" – a bill permanently extending last December's tax...
Sep 25, 2018 | Budget Process
Co-Chair Lowey Proposes Reforms to the JSC
The Joint Select Committee on Budget and Appropriations Process Reform (JSC) continues to work on its recommendations, which are due at the end of...
Sep 24, 2018
CRFB 2018 Annual Dinner: Celebrating our Commitment to Fiscal Responsibility
On Thursday, September 13, the Committee for a Responsible Federal Budget hosted its 2018 Annual Dinner at the Liaison Hotel on Capitol Hill. We...
Sep 21, 2018 | Other Spending
Appropriations Watch: FY 2019
Last Updated 9/28/2018
A "minibus" of three bills (Energy & Water, Legislative Branch, and Military Construction & VA) was conferenced, and...
