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Blog | June 2019

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.
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Jun 28, 2019 | Budget Process

David Walker: It is time to confront fiscal failure

David Walker is a former Comptroller General of the United States (head of the U.S. Government Accountability Office) and past board member of the...
taxes
Jun 27, 2019 | Taxes

Would a 10% VAT Pay for a $1,000 per Month UBI?

During the first 2020 Democratic presidential primary debate, candidate Andrew Yang claimed that his Universal Basic Income (UBI) proposal of $1,000...
Jun 27, 2019

Mike Murphy: The question to ask in 2020

Mike Murphy is the director of the Committee for a Responsible Federal Budget's FixUS initiative. He recently wrote an opinion piece ...
Jun 26, 2019 | Budgets & Projections

CBO: Fixing the Debt Would Increase Income

Putting debt on a downward path could increase average income by almost $9,000 per person per year, or about 10 percent as compared to continuing on...
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Jun 26, 2019

Factchecking and Live-Tweeting the Democratic Presidential Primary Debates

Tonight and tomorrow's Democratic presidential primary debates mark the first of the 2020 campaign and will surely touch on fiscal issues. We're...
Jun 25, 2019 | Economics

Maya MacGuineas: America's Biggest Weakness is No Big Secret

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an...
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Jun 25, 2019 | Budgets & Projections

CBO Releases 2019 Long-Term Outlook

The Congressional Budget Office (CBO) just released its 2019 Long-Term Outlook, again confirming the budget’s unsustainable long-term trajectory....
Jun 25, 2019 | Taxes

Repealing SALT Caps Would Cost Another $500 Billion

The Ways & Means Subcommittee on Select Revenue Measures is holding two hearings today on limitations to the state and local tax (SALT...
Debt Clock
Jun 20, 2019 | Taxes

Tax Extender Package Could Lead to $710 Billion of More Debt

Update 6/24/2019: During markup, the Ways & Means Committee added an amendment further increasing the child tax credit for young children, at an...
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Jun 13, 2019 | Health Care

Lawmakers Shouldn't Repeal Cadillac Tax Without Substantial Offsets

A bill to repeal the "Cadillac tax" on high-cost health insurance plans may soon get a vote on the House floor. This tax was an important part of the...

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