Apr 28, 2017 | Taxes
Maya MacGuineas: Trump's Tax Plan Will Add $5.5 Trillion to the Debt
Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
Blog | April 2017
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.
Apr 28, 2017 | Budget Process
The Byrd Rule and Its Effect on Health Reform: A Short Guide
Recent press reports have suggested that amendments to the American Health Care Act (AHCA)—legislation to replace "Obamacare"—might run afoul of a...
Apr 26, 2017 | Taxes
Is President Trump's Tax Cut the Largest in History?
In their tax reform framework memo, the Trump Administration calls their plan "The Biggest Individual and Business Tax Cut in American History." And...
Apr 26, 2017 | Taxes
How Much Will Trump's Tax Plan Cost?
The White House released principles and a framework for tax reform today. We applaud the President's focus on tax reform, but the plan includes far...
Apr 25, 2017 | Taxes
Comparing the Trump Campaign and Better Way Tax Plans
With President Trump expected to release new details about his Administration's tax reform plan on Wednesday, we thought it would be useful to take...
Apr 20, 2017 | Taxes
America Needs Tax Reform, Not More Debt
A New York Times op-ed written by Steve Forbes, Larry Kudlow, Arthur Laffer, and Stephen Moore argued that since tax reform is hard, Republicans...
Apr 18, 2017 | Taxes
Tax Day 2017: Charts to Explain Our Tax System
To commemorate Tax Day, CRFB and our partners at Fix the Debt have released our annual chartbook on federal taxes. It outlines who pays taxes, what...
Increasing Infrastructure Investment Must Be Paid For
In a recent interview with The New York Times, President Trump said that he wants to invest $1 trillion in infrastructure because "we are borrowing...
Apr 17, 2017 | Taxes
Where Tax Dollars Went Last Year
In honor of Tax Day tomorrow, we've published our annual Taxpayer Receipt, which gives a line-by-line breakdown of where tax dollars go.
For example...
CBO Economic Forecast Sees Major Headwinds Facing Growth
Predicting what the economy will look like over the next 30 years is no easy task, but the assumptions in the Congressional Budget Office’s (CBO)...