Sep 18, 2020 | Taxes
Maya MacGuineas Joins ABC News Live to Discuss Payroll Tax Deferral
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on ABC News Live. She joined the show to discuss the...
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.
Sep 16, 2020 | Other Spending
COVID Relief Includes $360 Billion of State and Local Aid
Most state and local governments are experiencing substantial revenue losses and new spending needs as a result of the COVID-19 pandemic and economic...
CBO Projects Major Trust Fund Exhaustions on the Horizon
A number of important federal programs — including Social Security and Medicare — are financed through dedicated revenue sources and...
Sep 10, 2020 | Other Spending
$2.2 of $4 Trillion in Fiscal Relief is Out the Door
We update our interactive COVID Money Tracker tool every week to reflect new COVID relief spending and estimates.
This week's...
Sep 2, 2020 | Budgets & Projections
CBO Projects Debt Will Reach New Record
The Congressional Budget Office (CBO) just released its updated Budget Outlook, showing that the COVID-19 public health and economic crisis has...
Sep 1, 2020 | Other Spending
How Much COVID Relief Have Public and Private Schools Received?
At least $42 billion has been committed or disbursed to the education sector from COVID relief legislation. We estimate:
About 55 ...
Aug 27, 2020 | Taxes
Would Joe Biden Significantly Raise Taxes on Middle Class Americans?
During the 2020 Republican National Convention, several speakers claimed that Democratic nominee and former Vice President Joe Biden would...
Aug 27, 2020 | Budget Process
Pairing Debt Limit Reform with Budget Goals
A recent bipartisan House letter from 30 Democrats and 30 Republicans requests budget reforms in forthcoming legislation, such as combining...
Aug 26, 2020 | Health Care
$412 Billion in COVID Funds Are Earmarked for the Health Industry
Our brand new, state-of-the-art interactive COVID Money Tracker tool follows every dollar authorized and spent by Congress, the Federal...
Aug 25, 2020 | Economics
Janet Yellen and Jared Bernstein: The Senate Is on Vacation While Americans Starve
Janet Yellen is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, a former Chair of the Federal...