Committee for a Responsible Federal Budget
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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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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...
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Dec 6, 2021 | Other Spending| Economics

What Will Build Back Better Mean for Inflation?

With inflation on track to reach its highest annual rate since 1990, experts and advocates are in disagreement over whether the...
Dec 2, 2021 | Taxes

"Revenue Neutral" SALT Cap Relief is Costly and Regressive

Several senators are apparently pursuing "revenue neutral" state and local tax (SALT) deduction cap relief, meaning the cost of increasing the SALT...

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...
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...

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