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...
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.
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...
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...
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...
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...
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...
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...
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 (...
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...
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...
Jul 6, 2018 | Other Spending
By 2048, Only 6% of the Budget Will Go to Children
The Congressional Budget Office's (CBO) recent long-term budget outlook not only forecasts rapidly rising levels of debt but also suggests...
Jul 3, 2018 | Social Security
CBO Projects Social Security Will Run Out of Funds in 13 Years
As we've warned many times before, Social Security is rapidly headed toward insolvency. Recent projections from CBO's Long-Term Budget Outlook...
Jul 2, 2018 | Health Care
Health Care Spending in the Long-Term Outlook
The Congressional Budget Office's (CBO) long-term outlook shows debt reaching an all-time record as a share of GDP by 2034 and nearly doubling as a...
The Deficit Is Not "Coming Down Rapidly"
This morning, White House National Economic Council Director Larry Kudlow appeared on Fox Business and made the following claim (emphasis added...
Jun 28, 2018 | Health Care
Concerned Actuaries Group Publishes New Analyses on Health Care System’s Sustainability
Last month, the Committee for a Responsible Federal Budget and the Concerned Actuaries Group launched the American Health Care Initiative, a...
Jun 28, 2018 | Budget Process
CBO is Pretty Good at Estimating Spending
In March 2016, CBO estimated the federal government would spend $4.06 trillion for fiscal year (FY) 2017 – a number that would increase to $4.08...
Jun 26, 2018 | Budgets & Projections
CBO Releases 2018 Long-Term Outlook
The Congressional Budget Office (CBO) just released its annual Long-Term Budget Outlook, which shows the United States is on an unsustainable fiscal...
Jun 21, 2018 | Budgets & Projections
How the House Could Meet the Budget Resolution's Reconciliation Instructions
The FY 2019 House budget resolution calls for $6.5 trillion of policy savings over ten years, but the true action is in the reconciliation...
Jun 21, 2018 | Budget Process
Maya MacGuineas: Rescission Fight About Much More than a Few Billion Dollars
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 ...
