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.
Nov 3, 2021 | Taxes

$72,500 SALT Cap is Costly and Regressive

The latest version of the Build Back Better Act being considered by the House Rules Committee would increase the state and local tax (SALT...
Nov 3, 2021 | Other Spending| Economics

State and Local Governments Flush with Cash

The Bureau of Economic Analysis (BEA) recently released data on state and local government spending and receipts in the third quarter of 2021....

5-Year SALT Cap Repeal Would Be Costliest Part of Build Back Better

According to press reports, policymakers are considering adding a five-year repeal of the $10,000 cap on the State and Local Tax (SALT) deduction to...
Nov 1, 2021 | Other Spending

Build Back Better Visualized

Last week, the White House released a $1.75 trillion framework for the reconciliation bill currently working its way through Congress. When combined...
Taxes_Calculator

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 ...
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...
Taxes_IRS
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...
Concept_DC_Capitol Building Storm
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 ...

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