Jul 7, 2021 | Taxes
There is No Such Thing as Progressive SALT Cap Relief
According to media reports, Congress is considering reforming, rather than repealing, the $10,000 cap on the deduction for State and Local Taxes (...
Blog | July 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.
Jul 6, 2021 | Budget Process
Upcoming Congressional Fiscal Policy Deadlines
Updated 7/6/2021: On March 11, President Biden signed the American Rescue Plan, enacted through budget reconciliation, which includes an extension of...
Jul 6, 2021 | Taxes
Republican and Democratic Presidents Support Reducing 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," or the difference...
Jul 6, 2021 | Other Spending
How Long Before Cancelled Student Debt Would Return?
Federal student loan borrowers currently owe $1.6 trillion of student debt to the federal government. Cancelling some or all debt for current...
Jul 1, 2021 | Other Spending
Appropriations Watch: FY 2022
Congress is expected to start marking up individual appropriations bills for Fiscal Year (FY) 2022 in the coming weeks. Discretionary...
Jul 1, 2021 | Budgets & Projections
CBO Releases July 2021 Budget and Economic Outlook
The Congressional Budget Office (CBO) just released its updated Budget and Economic Outlook, accounting for enactment of the American...