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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.

Budget Process
Nov 21, 2019 | Budget Process

Enzi-Whitehouse Budget Process Bill Includes Important Reforms

The Senate Budget Committee recently marked up and reported bipartisan legislation to reform the budget process. The Bipartisan Congressional Budget...
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Nov 21, 2019 | Health Care

Watch: Opportunities for Lowering Health Care Costs

On November 21, we hosted a major event on reducing health care costs for families, businesses, and the federal government. The event featured...
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Nov 20, 2019

Factchecking and Live-Tweeting the Democratic Presidential Primary Debates

Tonight's Democratic presidential primary debate marks the fifth round of debates of the 2020 campaign and will surely touch on fiscal...
Nov 18, 2019 | Taxes

2020 Federal Tax Brackets Are Here

The Internal Revenue Service (IRS) has released its tax year 2020 inflation adjustments for more than 60 federal tax provisions. To make these...
Nov 13, 2019 | Budgets & Projections

Mike Murphy: While Congress Makes Budgeting Look Hard, Americans Show How to Do It

Mike Murphy, the Chief of Staff and Director of the Committee for a Responsible Federal Budget's FixUs initiative wrote an op-ed that is...
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Nov 7, 2019 | Social Security

Bernie Sanders's Social Security Expansion Act

Presidential candidate Senator Bernie Sanders (I-VT) has proposed the Social Security Expansion Act, which would increase Social Security benefits,...
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Nov 1, 2019 | Social Security

Bipartisan Group Introduces TRUST Act

Earlier this week, Senators Mitt Romney (R-UT), Joe Manchin (D-WV), Todd Young (R-IN), Doug Jones (D-AL), and Kyrsten Sinema (D-AZ), alongside...
Oct 28, 2019 | Taxes

Marc Goldwein & Tyler Evilsizer: Moving from a debt-busting tax cut to pro-growth tax reform

Marc Goldwein is the senior vice president and senior policy director at the Committee for a Responsible Federal Budget. Tyler Evilsizer is the...
U.S. Debt Clock
Oct 25, 2019 | Budgets & Projections

Treasury: 2019 Deficit was $984 Billion

The Treasury Department released final budget numbers for Fiscal Year (FY) 2019 today, showing last year's deficit totaled $984 billion, a $205...
Oct 23, 2019 | Budget Process

The Prevent Government Shutdowns Act Will Not Cost $12.6 Trillion

The Prevent Government Shutdowns Act (PGSA) would establish an automatic continuing resolution (auto-CR) to prevent shutdowns and would put into...
Oct 23, 2019 | Health Care

Could Medicare for All be Financed Entirely by Cutting Defense Spending?

Last week, The New York Times published an op-ed entitled “We Don’t Need to Raise Taxes to Have ‘Medicare for All’.” In it, Lindsay Koshgarian,...
Oct 23, 2019 | Social Security

Why Are CBO and SSA so Far Apart on SS2100?

Both the Social Security Administration's (SSA) chief actuary, and the Congressional Budget Office (CBO) recently released updated estimates of the...
Maya MacGuineas
Oct 22, 2019 | Taxes

Maya MacGuineas: The Tax Cuts and Jobs Act Made the Debt Worse and Makes Fixing It Even Harder

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote a...
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Oct 22, 2019 | Health Care| Taxes

Would Medicare for All Require a Middle-Class Tax Hike?

With several 2020 presidential candidates endorsing a move to single-payer health care (Medicare for All), there is an ongoing debate over whether...
Oct 18, 2019 | Health Care

Fact Checking Medicare for All Claims from the Fourth Democratic Primary Debate

During the fourth Democratic primary debate of the 2020 presidential election cycle, former Vice President Joe Biden and South Bend, Indiana Mayor...
Oct 16, 2019 | Other Spending

President Trump Bolsters Administrative PAYGO Through Executive Order

Last week, President Trump signed an executive order requiring federal agencies to identify and propose offsets whenever they propose an action that...
Oct 8, 2019 | Budget Process

Enzi's Proposals Would Improve the Budget Process

Senate Budget Committee Chairman Mike Enzi (R-WY) has developed a series of draft budget process reforms. As we’ve explained before, the current...
Oct 4, 2019 | Social Security

2019 Technical Panel Shows Social Security Could Be in Worse Shape Than We Thought

The Social Security Advisory Board's (SSAB) 2019 Technical Panel released its final report last week, projecting that under its suggested changes to...
Oct 3, 2019 | Budget Process

Representatives Rice, Barr Introduce Fiscal State of the Nation Resolution

Last week, Representatives Kathleen Rice (D-NY) and Andy Barr (R-KY) introduced a bipartisan bill to make it harder for Congress to ignore the...
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Oct 2, 2019 | Social Security

What Would Social Security 2100 Mean for the Debt?

Saving Social Security from its looming trust fund insolvency would significantly improve the overall fiscal picture. Under the Congressional Budget...

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