Committee for a Responsible Federal Budget

Media Coverage

May 23, 2017|The Washington Post

Even some Republicans balk at Trump’s plan for steep budget cuts

Budget experts questioned many of the economic assumptions that the White House put into its plan, saying it was preposterous to claim that massive tax cuts and spending reductions will lead to a surge in economic growth. The Committee for a Responsible Federal Budget, for example, said that using normal economic projections, the White House’s proposal would not eliminate the deficit and would allow U.S. debt to continue growing into the next decade.

“Rather than making unrealistic assumptions, the president must make the hard tax and spending choices needed to truly bring the national debt under control,” it said.

May 23, 2017|The New York Times

Trump’s Problematic Math: Budget Plan Adds Growth, but Doesn’t Subtract Cost

“The same money cannot be used twice,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said in a statement criticizing the administration’s math.

The budget office insisted in an email that the $2.1 trillion was in addition to the revenue necessary to offset the cost of the tax cuts. The administration, in other words, said that it had previously underestimated the benefits of its own plans.

But Marc Goldwein, a senior policy director at the Committee for a Responsible Federal Budget, said the budget itself showed that this could not be true.

May 22, 2017|The Wall Street Journal

Donald Trump’s Balanced Budget Goal Rests on Questionable Math

“The same money cannot be used twice,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a group that advocates for lower deficits.

May 24, 2017|The Hill

What to watch for in new healthcare score

It is “very possible” the House-passed bill doesn’t do so under the jurisdiction of the Senate Health Committee, Ed Lorenzen, a senior adviser for the Committee for a Responsible Federal Budget, wrote in an email.

He said it’s his understanding that the Senate parliamentarian — who is the ultimate decider on whether the bill meets the guidelines governing reconciliation — hasn’t made a final decision on which jurisdiction the various provisions of the American Health Care Act fit in.

May 24, 2017|CBS News

What is the "tax gap" the White House wants to shrink?

The Obama administration made attempts to close the gap by stepping up enforcement, but probably only reduced it by $50 billion to $100 billion over a decade, said Marc Goldwein, senior vice president and senior policy director at the Committee for a Responsible Federal Budget.

May 23, 2017|Fox Business Network

Imbalances underlying Trump’s budget plan?

Committee for a Responsible Federal Budget President Maya MacGuineas on President Trump’s budget proposal and tax reform plan.

May 23, 2017|CBS News

Trump budget proposal has massive cuts to social programs

Maya MacGuineas, the President of the Committee for a Responsible Federal Budget (CRFB), credits the administration for setting an ambitious fiscal goal but believes the "reverse Robin-Hood  budget that the administration has put forth skirts deeper issues stemming from Social Security and Medicare," she told CBS News.

May 23, 2017|The Associated Press

Why Trump's Budget Plan Wouldn't Likely Accelerate Growth

"The numbers add up on paper, but they don't add up in reality," said Marc Goldwein, senior vice president and policy director at Committee for a Responsible Federal Budget. "For this budget to work, you need a time machine to take us back to the 1990s."

May 23, 2017|Fox Business Network

White House budget to slash growth in spending

‘Intelligence Report’ host Trish Regan and Committee for a Responsible Federal Budget’s Marc Goldwein weigh in on the White House budget.

May 23, 2017|Financial Times

Trump budget under attack over growth claims and accounting

Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget, said the budget document contained some good specific policies aimed at curbing debt, but that they were overwhelmed by “heroic growth assumptions”.

May 23, 2017|The Atlantic

The Unworkable Math of Trump’s Budget

According to the Committee for a Responsible Federal Budget, the cost of those tax cuts could be as high as $5.5 trillion over a decade. In the budget, they don’t appear to affect revenues at all—other than in generating more revenue, on account of the economy growing so much. The administration is essentially double-counting the benefits of the tax cuts, predicting that they will not only create more revenue but that the additional revenue will be enough to close the deficit.

May 23, 2017|TIME

President Trump's Budget Includes a $2 Trillion Math Mistake

According to the Committee for a Responsible Federal Budget, for Trump's tax cuts to pay for themselves, the economy would have to grow at 4.5 percent over the next 10 years. That's two and a half times the growth rate projected by the Congressional Budget Office.

May 23, 2017|Politico

Trump's magical budget math

The Committee for a Responsible Federal Budget, a fiscal watchdog, estimates that the plan would actually cut revenues by $5.5 trillion, a figure that Mnuchin rejected at a congressional hearing last week. “We would never propose a plan that we thought would cost $5 trillion,” he said.

May 22, 2017|NPR

As GOP Tarries On Health Bill, Funding For Children's Health Languishes

 "Once Congress adopts a new budget resolution for fiscal year 2018," says Ed Lorenzen, a budget-process expert at the Committee for a Responsible Federal Budget, that new resolution "supplants the fiscal year 2017 resolution and the reconciliation instructions in the fiscal year 2017 budget are moot."

May 22, 2017|The Hill

Five things to watch for in the Trump budget

“To grow the economy by 3% annually, productivity growth, capital growth and prime-age labor force participation would all need to return to the levels of the booming 1990s—an unlikely scenario given recent trends,” the Committee for a Responsible Federal Budget (CRFB) said in a recent paper.

May 22, 2017|pppFocus

Trump budget would cut food stamps by 25 percent

The Committee for a Responsible Federal Budget last week urged the administration to reject “rosy scenarios” and other budget gimmicks to be credible.

May 22, 2017|Inc.

Report: 3% U.S. GDP Growth Rate Is Unrealistic

The fiscal 2018 budget, due to drop Tuesday, will likely reflect assumptions that economic growth of 3% or more will make President Trump's spending proposals work. Those are bad assumptions, according to a new research paper from the Committee for a Responsible Federal Budget.

May 22, 2017|USA Today

Trump budget cuts safety net programs, hitting states that voted for him

"While we appreciate the administration's focus on reducing the debt, when using more realistic assumptions, the president’s budget does not add up," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a nonpartisan budget watchdog group. "If the administration is serious about meeting the nation’s fiscal challenges, it will need to focus on structural reforms to our nation’s largest spending programs along with new revenue to finance them."

May 22, 2017|The Washington Post

Why the budget doesn’t balance

A new report from the nonpartisan Committee for a Responsible Federal Budget concluded that restoring 3 percent annual growth would be enormously difficult, though not impossible. In a press briefing, Marc Goldwein of the CRFB said the economy would have to revert to its 1990s performance, with stable economic policies, widespread technological advances and high rates of immigration.

May 22, 2017|The New York Times

Trump’s First Budget Works Only if Wishes Come True

The Committee for a Responsible Federal Budget estimated last month that the ideas presented by Mr. Trump, including cutting the corporate tax rate to 15 percent from 35 percent and doubling the standard deduction for individual taxpayers, could reduce tax revenues by $7 trillion over 10 years.

May 21, 2017|Financial Times

Trump faces tough fight to gain budget support

“The White House will have less time and capital to invest in pushing their budget priorities through,” said Maya MacGuineas of the Committee for a Responsible Federal Budget. “More of the drive for getting the budget done will come out of Congress.”

May 21, 2017|OZY

Will the GOP Follow Their Leader in the Battle Over Entitlements?

“There seems to be less of an understanding among members of Congress about how serious these problems are and what’s necessary to fix them,” says Maya MacGuineas, the president of the Committee for a Responsible Federal Budget. “I hear them talk without irony about the need to get the budget under control, and part of that is not touching Social Security and Medicare. I think we need to go back to Budget 101.”

May 21, 2017|The Fiscal Times

Trump’s First Budget Is Coming, and the Spending Cuts Are Severe

The Committee for a Responsible Federal Budget last week urged the administration to reject “rosy scenarios” and other budget gimmicks to be credible. As for the administration’s 3 percent growth projection, CRFB analysts said that “with an aging population, achieving that level of growth would be quite unlikely and would require a heroic mix of smart policy and very good luck.”

May 19, 2017|Washington Examiner

Daily on Healthcare: Don’t bet on a Trumpcare re-vote

At the same time, however, the latest changes delayed the repeal of the Medicare surtax on high income earners, so it will raise more revenue than previous iterations of the bill. Even an analysis by the Committee for a Responsible Federal Budget, which a number of people have been pointing to, shows the bill would still reduce deficits by $35 billion even if 5 million more people enrolled in plans as a result of states taking waivers.

May 19, 2017|NBC News

Uh-Oh: The House May Need to Vote on Health Care (Again!)

The first version of AHCA saved money in part by insuring 24 million fewer people than current law, meaning they would not use a tax credit in the bill that can go toward coverage. If states opt out of Obamacare's requirements, though, millions more might be able to afford cheaper, if less generous, plans. The nonpartisan Committee for a Responsible Federal Budget estimates that if 10 million more people purchased insurance under the new version, the additional contributions to their tax credits would add $300 billion in costs.

May 19, 2017|National Review

What in the World Is Going On with the Health-Care Bill?

But paradoxically, cheaper health plans could be a budget problem. As the Committee for a Responsible Federal Budget has noted, if the plans lure a lot of young and healthy people into the insurance market, each of those people will receive a tax credit, which will eat away at the previous version’s deficit savings. “With 6.5 million or more additional enrollees,” it reported, “the entire legislation would likely increase rather than reduce deficits.” That’s toward the higher end of the range the CRFB considered, but the CBO will have to make incredibly subjective assumptions to come up with a single estimate.
May 19, 2017|Fox Business

Trump’s plan to balance the budget

Maya MacGuineas, Committee for a Responsible Federal Budget Director, weighs in on President Trump's plan to balance budget within 10 years on Cavuto: Coast to Coast.

May 19, 2017|CNBC

Getting overall economy to 3% is a really ambitious goal: Expert

Maya MacGuineas, Committee for a Responsible Budget, weighs in on if pay cuts can pay for themselves and Treasury Secretary Steven Mnuchin telling the Senate Banking...

May 19, 2017|The Daily Signal

The Major Entitlement Overhaul That Could Be Part of Trump’s Budget

“Block grants would save the federal government money, but would shift that cost to the states,” Marc Goldwein, senior vice president for the Committee for a Responsible Federal Budget, a bipartisan research group in Washington, told The Daily Signal. “When a state has more skin in the game, will it be more cost-effective? Yes. But perhaps not enough to deal with the new expense.”

May 19, 2017|Slate

House Republicans May Have to Vote on Trumpcare Again

The CBO could show that the health committee’s contribution falls short. Vox’s Dylan Scott spoke to a budget expert at the Committee for a Responsible Federal Budget who estimated that “provisions under the health committee’s jurisdiction could cost $6 billion.” The Upton amendment, ostensibly under the health committee’s jurisdiction, added $8 billion in spending to the bill.

Pages