Committee for a Responsible Federal Budget
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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.
May 11, 2021 | Budget Process

Senator Lummis Introduces Sustainable Budget Act

Senator Cynthia Lummis (R-WY) recently introduced the Sustainable Budget Act with Senators Joni Ernst (R-IA), Kevin Cramer (R-ND), Mike...
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May 11, 2021 | Taxes

Erskine Bowles and Henry Paulson: Biden should embrace a carbon tax

Erskine Bowles served as Chief of Staff to President Bill Clinton from 1997 to 1998 and is a member of the Committee for a Responsible Federal Budget...
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May 7, 2021 | Budget Process

Kinzinger and Phillips Call for a Bipartisan Commission to Address the Deficit

Representatives Adam Kinzinger (R-IL) and Dean Phillips (D-MN) recently introduced a joint resolution to establish a National Committee on Fiscal...
May 6, 2021 | Other Spending| Economics

COVID Relief Lifted Personal Income to Record Levels

Of the $5.9 trillion ($5.2 trillion net) of enacted COVID relief, we estimate $3.6 trillion was committed or disbursed over the one-year...
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Apr 28, 2021 | Other Spending

What's in President Biden's American Families Plan?

This evening, President Joe Biden will unveil the third part of his ambitious “Build Back Better” agenda, the American Families Plan. According to...
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Apr 22, 2021

Reflections on the Ed Lorenzen Fiscal Internship

By Dominic Gatti It has been an honor to be the inaugural Ed Lorenzen Fiscal Intern, the position named in memory of a close friend and colleague of...

TRUST Act has Bipartisan, Bicameral Reintroduction

Last week, a bipartisan and bicameral group of lawmakers reintroduced the TRUST Act, which would establish bipartisan commissions to...
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Apr 20, 2021 | Taxes

Repealing the SALT Cap Would be More Regressive than the TCJA

Recently, a number of Members of Congress have called for repealing the current $10,000 cap on the state and local tax (SALT) deduction. Many off...
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Apr 20, 2021 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

Updated 4/20/2021: On March 11, President Biden signed the American Rescue Plan, enacted through budget reconciliation, which includes an extension...
Apr 20, 2021 | Budgets & Projections

GAO Releases Long-Term Budget Outlook

The Government Accountability Office (GAO) recently published its latest report on the nation’s long-term fiscal outlook. Once again, GAO...

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