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...
Nov 3, 2021 | Other Spending| Economics

State and Local Governments Flush with Cash

The Bureau of Economic Analysis (BEA) recently released data on...

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

According to press reports, policymakers are considering adding a...
Nov 1, 2021 | Other Spending

Build Back Better Visualized

Last week, the White House released a $1.75 trillion framework...

Reconciliation May Deliver a Tax Cut to the Rich

While much of the discussion surrounding the Build Back Better reconciliation package has focused on ...
Oct 29, 2021 | Taxes

Bank Reporting Can Help Reduce the Tax Gap

The White House has proposed a new framework for the Build Back...
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...
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 ...

Could Reconciliation Deliver a Tax Cut to the Rich?

Note: This analysis was updated for new data and details on October 29, 2021. ...
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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...
Oct 25, 2021 | Taxes

SALT Cap Repeal Does Not Belong in Build Back Better

Press reports suggest lawmakers are...
Oct 22, 2021 | Budgets & Projections

Treasury: 2021 Deficit Was $2.8 Trillion

The Treasury Department released its final Monthly Treasury...
Oct 22, 2021 | Health Care

House ACA Plan Will Cost Almost $600 Billion and Cover 4 Million People, CBO Finds

The Congressional Budget Office (CBO) this week released...
Oct 21, 2021 | Other Spending

BBB Expirations Could Hide $1 to $2 Trillion of True Costs

As negotiations over President Biden’s Build Back Better...
Oct 15, 2021 | Taxes

Former IRS Commissioner Urges Congress to Expand Information Banks Report to the IRS

Former Internal Revenue Service (IRS) Commissioner Charles O. Rossotti, who served under Presidents Clinton and Bush, recently published an...
Oct 5, 2021 | Taxes

Event Recap: Tax Policy in the Build Back Better Act

On September 29, the Committee for a Responsible Federal Budget hosted “Tax Policy in the Build Back Better Act.” The event featured a panel of...
Oct 1, 2021 | Health Care

Health Savings Can Help Pay for Reconciliation

Policymakers are continuing to negotiate the "Build Back Better Act" ...
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FY 2022 Reconciliation Tracker

Last Updated: 12/20/2021 Budget reconciliation is underway (
Sep 23, 2021 | Health Care

Limiting the Cost of Medicare Expansion

As Congress negotiates proposals for Medicare benefit expansions, it should consider ways to limit their costs by either ...