Committee for a Responsible Federal Budget
Washington Monument

Blog | July 2021

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.
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Jul 7, 2021 | Taxes

There is No Such Thing as Progressive SALT Cap Relief

  According to media reports, Congress is considering reforming, rather than repealing, the $10,000 cap on the deduction for State and Local...
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Jul 6, 2021 | Taxes

Republican and Democratic Presidents Support Reducing the Tax Gap

One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap," or the difference...
Jul 6, 2021 | Other Spending

How Long Before Cancelled Student Debt Would Return?

Federal student loan borrowers currently owe $1.6 trillion of student debt to the federal government. Cancelling some or all debt for current...
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Jul 1, 2021 | Budgets & Projections

CBO Releases July 2021 Budget and Economic Outlook

The Congressional Budget Office (CBO) just released its updated Budget and Economic Outlook, accounting for enactment of the American...

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