Washington Monument

Blog | October 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.
Oct 28, 2019 | Taxes

Marc Goldwein & Tyler Evilsizer: Moving from a debt-busting tax cut to pro-growth tax reform

Marc Goldwein is the senior vice president and senior policy director at the Committee for a Responsible Federal Budget. Tyler Evilsizer is the...
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U.S. Debt Clock
Oct 25, 2019 | Budgets & Projections

Treasury: 2019 Deficit was $984 Billion

The Treasury Department released final budget numbers for Fiscal Year (FY) 2019 today, showing last year's deficit totaled $984 billion, a $205...
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Oct 23, 2019 | Budget Process

The Prevent Government Shutdowns Act Will Not Cost $12.6 Trillion

The Prevent Government Shutdowns Act (PGSA) would establish an automatic continuing resolution (auto-CR) to prevent shutdowns and would put into...
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Oct 23, 2019 | Health Care

Could Medicare for All be Financed Entirely by Cutting Defense Spending?

Last week, The New York Times published an op-ed entitled “We Don’t Need to Raise Taxes to Have ‘Medicare for All’.” In it, Lindsay Koshgarian,...
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Oct 23, 2019 | Social Security

Why Are CBO and SSA so Far Apart on SS2100?

Both the Social Security Administration's (SSA) chief actuary, and the Congressional Budget Office (CBO) recently released updated estimates of the...
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Maya MacGuineas
Oct 22, 2019 | Taxes

Maya MacGuineas: The Tax Cuts and Jobs Act Made the Debt Worse and Makes Fixing It Even Harder

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote a...
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Concept_Medicare_Nursing Home
Oct 22, 2019 | Health Care| Taxes

Would Medicare for All Require a Middle-Class Tax Hike?

With several 2020 presidential candidates endorsing a move to single-payer health care (Medicare for All), there is an ongoing debate over whether...
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Oct 18, 2019 | Health Care

Fact Checking Medicare for All Claims from the Fourth Democratic Primary Debate

During the fourth Democratic primary debate of the 2020 presidential election cycle, former Vice President Joe Biden and South Bend, Indiana Mayor...
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Oct 16, 2019 | Other Spending

President Trump Bolsters Administrative PAYGO Through Executive Order

Last week, President Trump signed an executive order requiring federal agencies to identify and propose offsets whenever they propose an action that...
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Oct 8, 2019 | Budget Process

Enzi's Proposals Would Improve the Budget Process

Senate Budget Committee Chairman Mike Enzi (R-WY) has developed a series of draft budget process reforms. As we’ve explained before, the current...
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