Committee for a Responsible Federal Budget
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Blog | June 2021

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 30, 2021 | Taxes

Group of Senators Introduce Bill to Narrow the Tax Gap

Last month, Senator Angus King (I-ME), along with Senators Sherrod Brown (D-OH) and Tim Kaine (D-VA), introduced the Stop Corporations and High...
Jun 29, 2021 | Budgets & Projections

Kerrey and Danforth Sound the Alarm on Long-Term Debt

Former Senators Bob Kerrey (D-NE) and John C. Danforth (R-MO) recently published an op-ed in the Wall Street Journal highlighting the need to...
Jun 23, 2021 | Other Spending

Over Half of States Ending Federal Unemployment Benefits Early

Twenty-six states have announced that they are ending the expanded federal unemployment benefits in the American Rescue Plan prior to their...
Jun 22, 2021 | Health Care

Bipartisan Policy Center Highlights Need for Medicare Trust Fund Solutions

With just five years until the Medicare Hospital Insurance (HI) trust fund faces insolvency, lawmakers must address the trust fund's $515 billion net...
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There Are Plenty of Offsets for Infrastructure Package

A bipartisan group of senators has apparently reached agreement on a plan with $579 billion of new infrastructure spending. Meanwhile, President Joe...
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Jun 17, 2021 | Other Spending

What's In the Bipartisan Infrastructure Plan?

A bipartisan group of 20 senators have apparently agreed to a new infrastructure framework to increase infrastructure spending by $579 billion...
Jun 17, 2021 | Taxes

Primer: Understanding the Tax Gap

One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap.” The tax gap is the...
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Jun 16, 2021 | Budgets & Projections

President's Budget Would Add More to Debt With Tax Cut Extensions

President Joe Biden's Fiscal Year (FY) 2022 budget includes many significant changes that would add nearly $1.4 trillion to deficits...
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Jun 16, 2021 | Budget Process

House Members Urge the Adoption of a Budget Resolution

On Monday, a group of five Democratic members of the House of Representatives sent a letter to House Speaker Nancy Pelosi (D-CA) calling for...
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How Much Would the President's Budget Extend Medicare Solvency?

The Medicare Hospital Insurance (HI) trust fund is only five years from insolvency according to both the Congressional Budget Office (CBO) ...

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