Committee for a Responsible Federal Budget

Papers | July 2021

View our recurring reports, which summarize and analyze the most important regular federal budget releases and reports.
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Q&A: Everything You Should Know About the Debt Ceiling

The federal debt ceiling will be reinstated on August 1, 2021, at around $28.5 trillion. At that point, the Treasury Department will begin using...
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Jul 26, 2021 | Health Care

Injecting Price Competition into Medicare Part B Drugs

Medicare Part B, which covers outpatient physician services, pays for physician-administered drugs by reimbursing physicians the average cost for...
Jul 26, 2021 | Health Care

Limiting Evergreening for Name-Brand Prescription Drugs

To encourage medical innovation, the Food and Drug Administration (FDA) grants temporary market exclusivities to new brand name drugs. These...
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Jul 20, 2021 | Budgets & Projections

Five Reasons to Pay for New Investments

Congress and the Administration are currently negotiating and developing legislation to invest in physical infrastructure, education, and other areas...
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Jul 14, 2021 | Taxes

Chartbook: Reducing the Tax Gap

One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap.” The tax gap is the...
Jul 1, 2021 | Budgets & Projections

Analysis of CBO's July 2021 Budget and Economic Outlook

Today, the Congressional Budget Office (CBO) released initial details of its updated Budget and Economic Outlook, accounting for enactment of...