A Permanent Build Back Better Act Could Cost $4.8 Trillion
UPDATE 12/10: Since this analysis was published, CBO has issued a correction to its initial estimate of H.R. 5376. Instead of adding $160...
Blog | November 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.
Nov 24, 2021 | Other Spending
UPDATE: Build Back Better Visualized
UPDATE 12/10: Since this analysis was published, the Congressional Budget Office (CBO) has issued a correction to their initial estimate of H.R. 5376...
Nov 19, 2021 | Taxes
SALT Cap Repeal Below $500k Still Costly and Regressive
According to press reports, the Senate is considering repealing the $10,000 cap on the state and local tax (SALT) deduction for those making $...
Nov 18, 2021 | Budgets & Projections
Full Estimates of the House Build Back Better Act
UPDATE 12/13: Since this analysis was published, CBO has issued a correction to its initial estimate of H.R. 5376. Instead of adding $160 billion to...
Nov 16, 2021 | Taxes
Marc Goldwein: There’s a baffling tax gift to the wealthy in the Democrats' social-spending bill
Marc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote...
Nov 15, 2021 | Budgets & Projections
Updated Budget Projections Show Record Debt by 2031
New estimates from the Committee for a Responsible Federal Budget project that debt as a percentage of Gross Domestic Product (GDP) is on track...
Nov 15, 2021 | Other Spending
Build Back Better Cost Would Double with Extensions
Note (11/30/2021): We have since published an updated analysis of the House-passed bill based on estimates from the Congressional Budget Office. Read...
Nov 12, 2021 | Taxes
Two-Thirds of Millionaires Get a Tax Cut Under Build Back Better, Due to SALT Relief
This week, the Tax Policy Center (TPC) released new estimates for how the Build Back Better Act will affect the tax burden of individuals at various...
Nov 9, 2021
2021 Budget Ball Reception: Celebrating Our Commitment to Fiscal Responsibility
On Tuesday, November 2, the Committee for a Responsible Federal Budget hosted our annual Budget Ball reception on the rooftop of 101 Constitution...
Nov 9, 2021 | Taxes
Build Back Better SALT Gains for the Rich Eclipse Child Credit Boost
The current version of the Build Back Better Act under consideration in the House would increase the state and local tax (SALT) deduction cap from $...