Committee for a Responsible Federal Budget
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Blog | November 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.
Nov 30, 2017 | Taxes| Economics

Official Dynamic Score Shows Senate Tax Bill Will Still Cost Over $1 Trillion

The Joint Committee on Taxation (JCT) has released its official dynamic score of the Senate tax plan as passed by the Senate Finance Committee,...

December Legislation Could Bring Back Trillion-Dollar Deficits

Congress has a lot on its plate this holiday season. Sadly, they seem far more focused on legislation to increase our post-war record-high national...
Taxes_1040 Form
Nov 29, 2017 | Taxes

Five Ways to Improve the Senate Tax Bill

The current Senate version of the Tax Cuts and Jobs Act (TCJA) would add too much to the debt, but several improvements could make the bill both more...
Nov 29, 2017 | Budgets & Projections

Alan Simpson and Erskine Bowles: A Moment of Truth for our Country’s Financial Future

Alan Simpson is a former Republican senator from Wyoming. Erskine Bowles served as chief of staff to President Bill Clinton from 1997 to 1998. They...
Nov 20, 2017 | Taxes

Tax Policy Center Dynamically Scores House Tax Bill

The Tax Policy Center (TPC) today released a new dynamic analysis of the House-passed Tax Cuts and Jobs Act (TCJA), adding more proof that tax cuts...
Nov 20, 2017 | Economics

Gene Steuerle: A Debt Straightjacket or a Misdiagnosed Disease?

Dr. Eugene (Gene) Steuerle is the Richard B. Fisher chair and Institute Fellow at the Urban Institute and a member of the Committee for a Responsible...
Nov 17, 2017 | Taxes

Comparing the Latest House and Senate Tax Bills by Provision

In broad fiscal terms, the House and Senate tax bills are very similar. Both plans would cost more than $1.4 trillion over ten years on paper while...
Leon Panetta
Nov 17, 2017 | Other Spending| Taxes

Leon Panetta: Blowing Up the Debt is a Threat to America

Leon Panetta is a co-chair of the nonpartisan Committee for a Responsible Federal Budget. He recently wrote an opinion piece for USA Today. It...
Nov 16, 2017 | Taxes| Economics

Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt

As more dynamic estimates of the Tax Cuts and Jobs Act (TCJA) are released, they all confirm that tax cuts do not pay for themselves. Because both...
Leon Panetta
Nov 16, 2017 | Other Spending| Taxes

Leon Panetta and Other Former Defense Secretaries: Debt-Increasing Tax Bill Threatens National Security

Leon Panetta is a co-chair of the nonpartisan Committee for a Responsible Federal Budget. He recently wrote a letter to Congressional leaders...