Committee for a Responsible Federal Budget
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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.

Feb 10, 2022 | Taxes

Gas Tax Holiday Would Cost $20 Billion

This week, a group of senators introduced ...
Feb 10, 2022 | Budgets & Projections

How Would Higher Interest Rates Affect Interest Payments?

Interest on the national debt is projected to be the fastest growing part of the federal budget. We estimate, based on the Congressional...
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Feb 9, 2022 | Social Security

Ten Options to Secure the Social Security Trust Fund

The Social Security trust funds are expected to be insolvent ...
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Feb 8, 2022 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

The next few years will include several predictable fiscal policy deadlines that will force congressional action. Many provisions providing...
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Feb 8, 2022 | Other Spending

Appropriations Watch: FY 2022

Updated 2/8/22: The House passed...
Feb 4, 2022 | Other Spending

Ten Options to Secure the Highway Trust Fund

Accounting for the enactment of the bipartisan infrastructure law (formally, the Infrastructure Investment and Jobs Act), ...
Feb 3, 2022 | Other Spending

The Infrastructure Bill’s Impact on the Highway Trust Fund

In addition to new investments in surface transportation, transit, broadband, energy, water, tax breaks, and other transportation spending, the...
Jan 31, 2022 | Other Spending| Economics

New Report Shows Student Debt Cancellation is Regressive

Recently, Adam Looney, Executive Director of the Marriner S. Eccles Institute at the University of Utah and a Nonresident Senior Fellow in...
Jan 20, 2022 | Taxes

Policymakers Shouldn't Weaken Build Back Better Surtax

To help finance new spending and tax breaks, the House-passed...
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Jan 13, 2022 | Health Care

Build Back Better Drug Reforms Would Lower Costs

The House-passed Build Back Better Act includes several reforms to reduce prescription drug costs for the federal government, seniors, and the...
Jan 13, 2022

What Does Student Debt Cancellation Mean for Federal Finances?

We've previously estimated that cancelling all federal...
Jan 12, 2022 | Economics

2021 Inflation Totaled 6.7 Percent

The Bureau of Labor Statistics (BLS) today released Consumer Price Index (CPI)...
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Jan 6, 2022 | Taxes

Addressing Tax Expenditures Could Raise Substantial Revenue

While the House and Senate each has put forth...
Jan 6, 2022 | Taxes

Build Your Own Child Tax Credit 2.0

As lawmakers continue to debate if and how to address the recently-expired Child Tax Credit (CTC) expansion from the American Rescue Plan, our...
Jan 4, 2022 | Other Spending| Economics

Student Debt Cancellation Resources Page

Overview Student debt cancellation has gained attention in recent years as a policy proposal to address rising student...
Dec 29, 2021 | Budgets & Projections

Our Top 21 Fiscal Charts of 2021

2021 was a busy year for fiscal policy, which gave us ample opportunities to conduct substantive policy analyses using charts and tables....
Dec 21, 2021 | Taxes

Build Your Own Child Tax Credit

As the year comes to a close, lawmakers continue to discuss if and how to extend the American Rescue Plan's one-year Child Tax Credit (CTC)...
Dec 17, 2021 | Budgets & Projections

CBO Scores the Build Back Better Act

The Congressional Budget Office (CBO) has released cost estimates for...