Mar 31, 2020 | Taxes
Loosening the SALT Cap is Poorly Targeted
The third COVID-19 relief bill was signed on Friday, and lawmakers are now starting to propose ideas for the next round of stimulus....
Blog | March 2020
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.
Mar 30, 2020 | Budgets & Projections
CBO Releases Its Own Estimate of the President's FY 2021 Budget
The Congressional Budget Office (CBO) just released its estimate of the President’s Fiscal Year (FY 2021) budget. CBO’s analysis shows that debt...
Mar 27, 2020 | Other Spending
A Visualization of the CARES Act
The President yesterday signed into law the CARES Act, a $2.3 trillion relief package aimed at ameliorating some of the effects of the economic...
Mar 25, 2020 | Economics
What's in the $2 Trillion Coronavirus Relief Package?
The Senate is expected to vote tonight on the Coronavirus Aid, Relief, and Economic Security (CARES) Act – the third and most expansive package...
Mar 23, 2020 | Other Spending
These Provisions Have No Place in an Emergency Bill
Negotiators continue to work on a third response bill to the coronavirus (COVID-19) pandemic, with legislation proposed today by ...
Mar 19, 2020 | Budgets & Projections
CBO Updates Budget Projections Before Coronavirus Impact
Today, the Congressional Budget Office (CBO) released its updated budget projections, showing the national debt is on an unsustainable path. Under...
How Much Would Sending People Checks Cost?
Experts and lawmakers are considering numerous options to help support the economy during the COVID-19 crisis. Last week, we estimated that fiscal...
Mar 19, 2020 | Budget Process
Upcoming Congressional Fiscal Policy Deadlines
Updated 3/19/2020: Key authorities under the Foreign Intelligence Surveillance Act (FISA) expired on March 15. While the House passed a version on...
Mar 11, 2020 | Taxes
How Much Would Suspending the Payroll Tax Cost?
Policymakers are discussing several economic stimulus ideas in response to the coronavirus outbreak, including reports that yesterday President Trump...
Mar 11, 2020 | Budget Process
PAYGO Tracker: FY 2020
Update: Due to the flurry of legislative activity to address the COVID-19 pandemic, we have suspended regular updates of the PAYGO tracker.
The...