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Blog | October 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.
Oct 18, 2017 | Budget Process

How PAYGO Rules Could Affect Tax Reform

Most of the discussion about rules that could prevent tax reform from increasing the deficit has focused on the Byrd Rule. Congress could get around...
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Oct 13, 2017 | Taxes

Options to Help Pay for the Big Six Tax Reform Framework

The unified framework for tax reform released by the White House and GOP Congressional leaders includes several provisions that could result in about...
William Hoagland
Oct 12, 2017 | Budget Process

Bill Hoagland: A Disappearing Budget Process Unhelpful for Fiscal Responsibility

G. William Hoagland is Senior Vice President at the Bipartisan Policy Center and member of the Committee for a Responsible Federal Budget. He...
Donald Trump
Oct 12, 2017 | Economics

Have Stock Market Gains Reduced the National Debt?

On Fox News last night, President Trump claimed the growth in the stock market has reduced the national debt. It has not. The two measures are not...
Taxes_1040 Form
Oct 11, 2017 | Taxes

The State and Local Tax Deduction Should Be on the Table

As tax reform gets underway, there will be disagreement about which tax breaks should be eliminated or reformed and which should remain. There is a...
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Oct 6, 2017 | Taxes

Does the State & Local Tax Deduction Mostly Help High-Income Households?

At a press briefing yesterday, White House Press Secretary Sarah Huckabee Sanders defended the fact that the Big 6 tax plan removes the state and...
Oct 5, 2017

Remembering Bill Frenzel

At our annual dinner on September 12, the Committee for a Responsible Federal Budget paid tribute to former Co-Chair William Eldridge “Bill” Frenzel...
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Oct 5, 2017 | Budgets & Projections

Marking Up the FY 2018 Senate Budget

The Senate Budget Committee is scheduled to mark up its Fiscal Year (FY) 2018 budget resolution, which would create a legislative vehicle for tax...
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Oct 4, 2017 | Taxes

Paying for Tax Reform Event on Capitol Hill

Today the Committee for a Responsible Federal Budget hosted an event on Capitol Hill focused on the prospects for tax reform. The event featured...
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Oct 3, 2017 | Taxes

What Is a Reasonable Amount of Dynamic Revenue For Tax Reform?

Thoughtful tax reform has the potential to increase the size of the economy, lifting wages and incomes while also generating more tax revenue for the...

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