Committee for a Responsible Federal Budget
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Blog | July 2018

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.
Jul 30, 2018 | Taxes| Economics

Has the Recent Economic Boom Offset 88% of the Cost of the Tax Cut?

In a Wall Street Journal op-ed shared by the House Ways and Means Committee, Mike Solon of US Policy Metrics makes the argument that thanks to...
Concept_Stock Market_Recession
Jul 27, 2018 | Economics

Growth Just Hit 4.1 Percent – Don't Expect It To Last

The Bureau of Economic Analysis today released its initial estimate that the economy grew at a 4.1 percent annualized rate in the second ...
Social Security_SSDI_Job Interview
Jul 26, 2018 | Social Security

Ways and Means Subcommittee Examines Changes to the SSDI Appeals Process

The House Ways and Means Subcommittee on Social Security held a hearing on July 25 regarding changes to the adjudication process for the Social...
Jul 25, 2018 | Health Care| Taxes

House to Vote on $90 Billion of Tax Cuts

The House of Representatives is voting this week on three bills targeting health care-related tax provisions and expanding the use of...
Jul 25, 2018 | Other Spending

Newest Kids' Share Report Projects Further Decline in Spending on Children

Federal spending on children will continue its expected decline, falling to roughly 7 percent of outlays and less than 2 percent of the economy...
U.S. Debt Clock
Jul 25, 2018 | Budgets & Projections

Watch the Debt Fixer in Action

We just updated our popular Debt Fixer interactive federal budget tool with new options to reflect recent tax and spending legislation and the latest...
Jul 24, 2018 | Budgets & Projections

Congress Is Struggling to Produce a Budget, So Do It Yourself with Our Debt Fixer Tool

The federal budget is more than 3 months overdue and the national debt is headed towards record levels. Now, we provide you an opportunity to show...
Jul 19, 2018 | Budgets & Projections

Mid-Session Review Shows How Much Worse the Deficit Has Gotten in the Past Year

The Office of Management and Budget (OMB) released the Mid-Session Review (MSR) last week, updating the President's FY 2019 budget projections...

Have Deficit Projections Doubled Because of the Tax Bill and BBA 2018?

Chairman of the House Ways and Means Committee Kevin Brady (R-TX) appeared on Fox Business this morning, where he was asked about CRFB's analysis...
Leon Panetta
Jul 18, 2018 | Budget Process

Panetta Recommends Budget Reform to JSC

Committee for a Responsible Federal Budget co-chair Leon Panetta testified before the Joint Select Committee on Budget and Appropriations Process...