Jul 31, 2019 | Budgets & Projections
Even With Lower Interest Rates, Debt Remains Unsustainable
With the Federal Reserve today announcing a 0.25 percentage point decrease in the federal funds rate, it appears interest rates will remain...
Blog | July 2019
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 31, 2019 | Budgets & Projections
Recent Fiscal Irresponsibility Will Double Deficits
As deficits are expected to climb above $1 trillion in the coming years, it's worth noting that tax cuts and spending hikes passed just in the...
Jul 25, 2019 | Budgets & Projections
President Trump’s $4 Trillion Debt Increase
If the recent budget deal is signed into law, it will be the third major piece of deficit-financed legislation in President Trump's term. In...
Addressing Common Claims About the Budget Deal
The President and Congressional leaders announced a plan to raise the caps on discretionary spending by $322 billion for Fiscal Years (FY) 2020...
Budget Deal's Offsets Don't Even Cover The Interest
President Trump and leaders in Congress announced a deal this week to increase caps on discretionary spending by $169 billion in 2020 and $153...
Jul 24, 2019 | Social Security
Ways and Means to Hold Hearing on Social Security 2100 Act
The House Ways and Means Committee will hold a hearing on Social Security Subcommittee Chairman John Larson’s (D-CT) Social Security 2100 Act (SS2100...
Five Reasons to Oppose the Budget Deal
Congressional leaders and the President announced a proposed budget deal yesterday to raise the caps on discretionary spending for Fiscal Years (FY)...
Proposed Budget Agreement Could Cost $1.7 Trillion
Update: A Congressional Budget Office (CBO) score of the deal shows that the offsets are $55 billion rather than $77 billion as reported in the press...
Jul 19, 2019 | Taxes
Watch: What Should We Do About the Zombie Tax Extenders?
The Committee for a Responsible Federal Budget hosted a lunch and panel discussion on What Should We Do About the Zombie Tax Extenders?
The...
Jul 18, 2019 | Taxes
Ways and Means Tax Package Could Cost Over $900 Billion Now
Last month, the House Ways and Means Committee approved a tax package that would revive and extend several tax extenders through 2020 and...