How the FY 2018 Budget Could Avoid a Conference
The Senate Fiscal Year (FY) 2018 budget resolution passed last night on a 51-49 vote. The budget included a "technical" amendment by Senate Budget...
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.
Oct 18, 2017 | Budgets & Projections
FY 2018 Budget Resolution Resources
This blog has been updated to reflect new publications as of 10/18/17.
Budget season is underway as part of a busy fall on Capitol Hill. Below are...
Oct 18, 2017 | Taxes
Resources for Tax Reform
Efforts to reform the tax code are underway, and they will pick up further this fall when the legislative process formally begins. CRFB has published...
Several Amendments Would Improve the Senate Budget
The Senate is considering the FY 2018 Senate budget resolution this week. As is, the budget would facilitate legislation to add significantly to debt...
Oct 18, 2017 | Budget Process
How PAYGO Rules Could Affect Tax Reform
Most of the discussion about rules that could prevent tax reform from increasing the deficit has focused on the Byrd Rule. Congress could get around...
Oct 13, 2017 | Taxes
Options to Help Pay for the Big Six Tax Reform Framework
The unified framework for tax reform released by the White House and GOP Congressional leaders includes several provisions that could result in about...
Oct 12, 2017 | Budget Process
Bill Hoagland: A Disappearing Budget Process Unhelpful for Fiscal Responsibility
G. William Hoagland is Senior Vice President at the Bipartisan Policy Center and member of the Committee for a Responsible Federal Budget. He...
Oct 12, 2017 | Economics
Have Stock Market Gains Reduced the National Debt?
On Fox News last night, President Trump claimed the growth in the stock market has reduced the national debt. It has not. The two measures are not...
Oct 11, 2017 | Taxes
The State and Local Tax Deduction Should Be on the Table
As tax reform gets underway, there will be disagreement about which tax breaks should be eliminated or reformed and which should remain. There is a...
Oct 6, 2017 | Taxes
Does the State & Local Tax Deduction Mostly Help High-Income Households?
At a press briefing yesterday, White House Press Secretary Sarah Huckabee Sanders defended the fact that the Big 6 tax plan removes the state and...
Oct 5, 2017
Remembering Bill Frenzel
At our annual dinner on September 12, the Committee for a Responsible Federal Budget paid tribute to former Co-Chair William Eldridge “Bill” Frenzel...
Oct 5, 2017 | Budgets & Projections
Marking Up the FY 2018 Senate Budget
The Senate Budget Committee is scheduled to mark up its Fiscal Year (FY) 2018 budget resolution, which would create a legislative vehicle for tax...
Oct 4, 2017 | Taxes
Paying for Tax Reform Event on Capitol Hill
Today the Committee for a Responsible Federal Budget hosted an event on Capitol Hill focused on the prospects for tax reform. The event featured...
Oct 3, 2017 | Taxes
What Is a Reasonable Amount of Dynamic Revenue For Tax Reform?
Thoughtful tax reform has the potential to increase the size of the economy, lifting wages and incomes while also generating more tax revenue for the...
Oct 2, 2017 | Budgets & Projections
Seven Resolutions for the Fiscal New Year
October 1 marked the start of Fiscal Year (FY) 2018. While FY 2017 saw very little major legislation passed, a new year brings new opportunities...
Sep 29, 2017 | Budgets & Projections
Senate Budget Committee Releases FY 2018 Budget
Senate Budget Committee Chairman Mike Enzi (R-WY) released the Fiscal Year (FY) 2018 Senate budget resolution today. The budget proposes $3.3...
Sep 29, 2017 | Budgets & Projections
How the House and Senate Budgets Stack Up
With the release of the Senate budget resolution, we now have the two Congressional budgets that will set up the budget process for the rest of the...
Sep 27, 2017 | Taxes
Big 6 Tax Framework Could Cost $2.2 Trillion
The so-called "Big 6" today released their framework for comprehensive tax reform. While significant detail still needs to be filled in, enough...
Sep 26, 2017 | Taxes
Maya MacGuineas: Congress, Dump the Budget Gimmicks – We Need Real Reform
Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
Sep 26, 2017 | Budgets & Projections
Maya MacGuineas: Missed Opportunity to Use Health Care, Tax Policies to Stop Debt Growth
Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
