Committee for a Responsible Federal Budget
Washington Monument

Blog | April 2010

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.
Apr 14, 2010 | Taxes

Between the ‘Lines’: A Midweek Update

Up-Hill Battle for the Budget – Democratic leaders in Congress are floating the possibility that there will be no budget resolution this year,...
Apr 14, 2010

Ben Bernanke and the Fiscal Outlook

In testimony before the Joint Economic Committee, Federal Reserve Chairman Ben Bernanke once again affirmed his membership in our Announcement Effect...
Apr 14, 2010 | Budgets & Projections

Public Pension Systems: Avoiding the Hard Choices?

At the Bottom Line we often complain about government officials avoiding hard fiscal choices because of the political difficulty involved. At the...
Apr 14, 2010 | Taxes

Considering a Value Added Tax

With huge structural deficits looming in the future, many observers feel that the current tax code will not be able to raise enough revenue to...
Apr 13, 2010 | Taxes

Can Only Taxing Income Over $250,000 Pay Off Our Debt?

President Obama has pledged not to raise taxes on individuals who earn under $200,000 a year or on couples earning under $250,000. It seems highly...
Apr 13, 2010 | Taxes

Donald Marron to be new TPC Director

Today, the Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institute, announced that Donald Marron will become the new...
Apr 13, 2010 | Budget Process

Let's Establish a Solidarity Fund

In order to help address its debt crisis, the country of Greece has set up a "solidarity account" to which people can donate money to help pay down...

‘Line’ Items: Recess Over, Deadlines Loom

They’re Back – Congress returns from its spring recess this week. The Senate is back in session today and the first order of business is...
Apr 12, 2010 | Taxes

Turning the Tax Cuts into a Hammer

What to do about those pesky expiring tax cuts? Generally speaking, Republicans want to extend them all; Dems want to extend most of them; and no one...
Apr 12, 2010 | Taxes

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:The Wall Street Journal noted the lessons that the United...