Reconciliation May Deliver a Tax Cut to the Rich
While much of the discussion surrounding the Build Back Better reconciliation package has focused on tax increases on the ...
Blog | October 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.
Oct 29, 2021 | Taxes
Bank Reporting Can Help Reduce the Tax Gap
The White House has proposed a new framework for the Build Back Better reconciliation package that includes $80 billion of IRS enforcement funding...
Oct 29, 2021 | Taxes
Event Recap: Tax Gap Myths and Facts: A Conversation with Natasha Sarin
On October 26, the Committee for a Responsible Federal Budget hosted “Tax Gap Myths and Facts: A Conversation with Natasha Sarin.” The virtual event...
Oct 28, 2021 | Budgets & Projections
What's in the Latest Build Back Better Framework?
We have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here.
The White House...
Could Reconciliation Deliver a Tax Cut to the Rich?
Note: This analysis was updated for new data and details on October 29, 2021. See the updated analysis here.
While much of the discussion...
Oct 26, 2021 | Other Spending
Maya MacGuineas: Reconciliation can work if Congress sets priorities and cuts the games
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an ...
Oct 25, 2021 | Taxes
SALT Cap Repeal Does Not Belong in Build Back Better
Press reports suggest lawmakers are considering adding a two-year repeal of the cap on the deduction for state and local taxes (SALT) to their...
Oct 22, 2021 | Other Spending
House Child Care Plan Cost Could Double If Made Permanent
As lawmakers discuss making numerous parts of the Build Back Better plan expire early, at least one part of the House bill — the expanded child...
Oct 22, 2021 | Budgets & Projections
Treasury: 2021 Deficit Was $2.8 Trillion
The Treasury Department released its final Monthly Treasury Statement for Fiscal Year (FY) 2021, showing a $2.8 trillion deficit for the year and...
Oct 22, 2021 | Health Care
House ACA Plan Will Cost Almost $600 Billion and Cover 4 Million People, CBO Finds
The Congressional Budget Office (CBO) this week released estimates for the health care coverage provisions in the House reconciliation bill. CBO...