Committee for a Responsible Federal Budget
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Blog | December 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.
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. This...
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) expansion...
Dec 17, 2021 | Budgets & Projections

CBO Scores the Build Back Better Act

The Congressional Budget Office (CBO) has released cost estimates for every title of the House-passed Build Back Better Act (H.R. 5376). Without...
Dec 13, 2021 | Taxes

New SALT Proposals Would Improve House Bill

So far, nearly every proposal introduced or suggested to change the state and local tax (SALT) deduction cap would be unnecessarily costly and...
Dec 11, 2021 | Taxes

SALT Repeal Just Below $1 Million is Still Costly and Regressive

To avoid cutting taxes for households making over $1 million, some politicians have suggested eliminating the State and Local Tax (SALT) deduction...
Dec 10, 2021 | Taxes

Two-Thirds of the “One Percent” Get a Tax Cut Under Build Back Better, Due to SALT Relief

Last month, we showed that the House-passed Build Back Better Act would cut taxes for roughly two-thirds of those earning more than $1 million per...
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Dec 10, 2021 | Budgets & Projections

CBO Estimates a Permanent Build Back Better

The Congressional Budget Office (CBO) today released an estimate of how much it would cost to make most temporary provisions in the ...
Dec 9, 2021 | Other Spending| Economics

Reducing Build Back Better Inflation Risk

As we recently discussed, the House-passed Build Back Better Act is likely to be modestly inflationary over the next few years. Though we expect...
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Does Build Back Better Cost $1.6 Trillion or $2.4 Trillion?

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...
Dec 7, 2021 | Health Care

The Physician Bonus and Medicare Sequester Suspension Should Not be Continued

A lobbying campaign recently began to extend two temporary COVID-era increases in Medicare provider payments – the Medicare sequester hiatus and...