Committee for a Responsible Federal Budget
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Blog | January 2022

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.
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 Economic...
Jan 20, 2022 | Taxes

Policymakers Shouldn't Weaken Build Back Better Surtax

To help finance new spending and tax breaks, the House-passed Build Back Better Act (and the Senate Finance Committee’s version)...
Concept_Health Care_RX Bottles
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 public...
Jan 13, 2022

What Does Student Debt Cancellation Mean for Federal Finances?

We've previously estimated that cancelling all federal student debt would cost the same as the outstanding value of the loans, which is currently $1....
Jan 12, 2022 | Economics

2021 Inflation Totaled 6.7 Percent

The Bureau of Labor Statistics (BLS) today released Consumer Price Index (CPI) inflation data for December 2021. Based on BLS’s data, we...
Taxes_1040 Form
Jan 6, 2022 | Taxes

Addressing Tax Expenditures Could Raise Substantial Revenue

While the House and Senate each has put forth its own version of the Build Back Better Act reconciliation legislation, the offsets...
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 newly-...
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 debt levels in the United...