Committee for a Responsible Federal Budget

Media Coverage

Jul 5, 2017|Huffington Post

Now The GOP Is Defending Obamacare Repeal By Attacking Hillary Clinton

When the Committee for a Responsible Federal Budget analyzed Clinton’s health care agenda, as part of a broader examination of her campaign promises, it concluded that the initiative would cost about $250 billion over 10 years ― money Clinton proposed to raise through higher income taxes on the very wealthy.

Jul 5, 2017|The New York Times

Health Care? Taxes? Budget? G.O.P. Has Big To-Do List, but Little Time

“It will be extremely difficult to simultaneously negotiate a health care plan that can pass the Senate and the House while negotiating a bipartisan budget deal,” said Ed Lorenzen of the Committee for a Responsible Federal Budget, a nonpartisan research organization that preaches fiscal prudence. “There may be enough time legislatively to do both, but there isn’t enough bandwidth to negotiate two complex, controversial items.”

Jul 2, 2017|The Fiscal Times

Why $1 Trillion Annual Deficits Are on the Horizon Again

Meanwhile, Trump has proposed a massive tax cut for businesses and individuals that potentially could add between $3 trillion and $7 trillion to the long-term deficit, according to the Committee for a Responsible Federal Budget, unless somehow offset by other savings. Trump and Ryan say the tax cut will practically pay for itself by spurring economic growth and generating more in tax revenues, but few independent economists share in the administration’s supply-side optimism.

Jun 30, 2017|The Washington Post

GOP health-care talks center on stark question: Help vulnerable Americans or help the rich?

The updated analysis, requested by Sen. Ron Wyden (D-Ore.) and other Senate Democrats, calculated the effects of pegging the program’s inflation rate to the consumer price index for urban consumers, as opposed to the current practice of following the medical inflation rate.

According to analysts at the health consulting firm Avalere and the Committee for a Responsible Federal Budget, this would translate into a cut of at least $330 billion in 2036.

Jun 30, 2017|Forbes

Record U.S. Debt Worsens, Loading More Risk Onto The Young

The Congressional Budget Office said the federal budget deficit will total $693 billion or 3.6% of gross domestic product this year. That’s $134 billion above prior projections and the highest since 2012, according to an analysis by the non-partisan Committee for a Responsible Federal Budget, or CRFB.

Jun 30, 2017|The Motley Fool

14 Medicare Stats That Will Blow You Away

The Committee for a Responsible Federal Budget has noted, "According to our latest estimates, repealing the ACA in its entirety would cost roughly $350 billion through 2027 under conventional scoring and $150 billion using dynamic scoring." Also: "Repealing the ACA's coverage provisions would save $1.55 trillion through 2027, while repealing its tax increases would cost $800 billion, and repealing its Medicare (and related) cuts would cost another $1.10 trillion. Repeal would also lead to a small increase in economic growth, which could produce over $200 billion of additional net savings." Clearly, there are costs and savings realized from a repeal -- though some of the costs are human -- see the next point.

Jun 29, 2017|Washington Monthly

How Trump Lost His Natural Congressional Power Bloc

Trump wants to immediately do away with the Defense sequester, which the American Enterprise Institute estimates will allow him to spend about $300 billion extra over the next four years. The Wall Street Journal thinks that Trump’s proposed tax cuts will result in “$6 trillion in lost revenue over the next decade.” The Committee for a Responsible Federal Budget looked at Trump’s proposals in the Spring and came up with this handy chart:

Jun 29, 2017|The Washington Post

Senate Democrats shine light on health bill’s longer-term effect on Medicaid

Two organizations, the consulting firm Avalere Health and the Committee for a Responsible Federal Budget, sought late Thursday afternoon to translate the CBO’s forecast into dollars. Both estimated that the slowdown in Medicaid spending would go from $158 billion in 2026 to at least $330 billion a decade later.

Jun 28, 2017|The Hill

Rift opens in GOP over budget strategy

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, which supports fiscal responsibility, said that longer-term budgets can provide useful information but should not be used to get around restrictions and increase the debt.

“This is really a budget gimmick,” she said in an interview.

Jun 28, 2017|Newsmax

GOP Divided Over Best Strategy to Pass Tax Cuts

"Tax reform should be fully paid for, regardless of the budget window," Committee for a Responsible Federal Budget President Maya MacGuineas said in a statement. "If the only purpose of moving to a 20-year budget window is to add to the debt, then it is a gimmick."

Jun 28, 2017|The Wall Street Journal

Health Bill Draws Fiscal Fault Line Between Old and Poor—and the Poor Are Losing

That bond is much weaker with Medicaid. Because touching Medicare is toxic, the entitlements debate has been shunted to Medicaid, “a less vocal more vulnerable population,” says Marc Goldwein of the Committee for a Responsible Federal Budget, a fiscal watchdog group.

Jun 27, 2017|Fox Business Network

How to control the budgetary cost of health care

Committee for a Responsible Federal Budget Director Maya MacGuineas weighs in on how to control the rising cost of Medicaid and other programs.

Jun 27, 2017|Bloomberg BNA

20-Year Budget to Ease Tax Changes a ‘Gimmick': Deficit Group

A group opposed to the federal budget deficit has come out against lawmakers using a 20-year budget window in a bid to ease the passage of tax reform later in the year.

“Tax reform should be fully paid for, regardless of the budget window. If the only purpose of moving to a 20-year budget window is to add to the debt, then it is a gimmick,” Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, said in a statement issued June 22.

Jun 26, 2017|CNBC

CRFB President: We haven't talked about medicare reforms and tax breaks

Maya MacGuineas, Committee for Responsible Federal Budget, weighs in on the GOP health-care agenda.

Jun 26, 2017|CBS News

How the Senate health care bill will impact the U.S. deficit, according to the CBO

The Congessional Budget Office says the Senate's health care bill will insure less people and reduce the federal deficit by $321 billion. President of the Committee for a Responsible Federal Budget, Maya MacGuineas joined CBSN to discuss the impact on the U.S.'s bottom line.

Jun 25, 2017|NPR

Where Does The Federal Budget Deficit Fit Into The Health Care Equation?

NPR's Michel Martin speaks with Committee for a Responsible Federal Budget President Maya MacGuineas about how to balance the need for health care with the need to reduce the federal budget deficit.

Jun 24, 2017|Bloomberg

GOP Push for 20-Year Tax Cut Grows as Ryan Seeks Permanent Fix

The change would require the House and Senate to approve a longer budget window in reconciliation instructions. The 1974 Budget Act just says the window must be at least five years, so it could be extended without violating the law, said Ed Lorenzen, a senior adviser at the Committee For a Responsible Federal Budget. He noted that Congress has shifted it to 7 years before, but never lengthened it beyond 10 years.

“Using a longer budget window to try to game budget rules would be unprecedented, and would be a pretty blatant gimmick,” said Lorenzen, a former congressional Democratic policy adviser.

Jun 23, 2017|SELF Magazine

The Senate’s Health Care Bill Is Disastrous for People With Medicaid

Health care expert Leonard Fleck, Ph.D., a professor of philosophy and medical ethics at Michigan State University, tells SELF that the Senate version of the bill is “80 to 90 percent the same as the House version.” For example, both eliminate the mandate that employers with 50 or more full-time employees provide health insurance to their workers, per the Committee for a Responsible Federal Budget. They also both allow states to drop many of the essential health benefits the Affordable Care Act required insurance companies to cover, like maternity coverage, emergency care, and mental health treatments.

Jun 22, 2017|The Washington Post

How the GOP would cut billions more from Medicaid with a single letter

General costs, however, typically rise more slowly than medical costs. After 2025, the increases to Medicaid would no longer be able to keep pace, with the gap growing each year. After a decade or two, that discrepancy would add up to of hundreds of billions of dollars.

“It’s a very small issue in 2026 but, potentially, a very huge issue by 2040,” said Marc Goldwein, policy director at the Committee for a Responsible Federal Budget, an organization that advocates reducing the federal deficit.

Jun 20, 2017|Financial Times

Paul Ryan pushes ‘transformational’ tax overhaul

White House officials have said their goal is also permanent reform, but after the Trump administration unveiled a skimpy one page tax blueprint in April, the Committee for a Responsible Federal Budget estimated that over a 10-year period the proposals would lead to a loss of anywhere from $3tn to $7tn.

Jun 20, 2017|The Associated Press

The GOP's budget deadlock could derail Trump's hopes for tax overhaul

"They're afraid either the committees couldn't come up with the amount of savings that they're required or people wouldn't be willing to vote for them," said Ed Lorenzen of the Committee for a Responsible Federal Budget, which advocated lower deficits. "And if either of those things happened, it would jeopardize the entire reconciliation bill, including tax reform."

Jun 20, 2017|CQ

GOP Eyes Longer Budgets to Boost Case for Tax Cuts

Ed Lorenzen, senior adviser for the Committee for a Responsible Federal Budget, said a longer budget window would require annual revenue and spending estimates to cover more years, and predicted the "complication of implementing it" would be unpopular with some lawmakers on the congressional Budget committees.

Jun 20, 2017|Huffington Post

Cuts To Medicaid In GOP Health Bill Would Get Even Bigger Over Time, CBO Says

The CBO predicts those sums won’t increase quickly enough to keep up with the cost of Medicaid ― the verdict that numerous independent analysts, including those at Avalere Consulting, the Committee for a Responsible Federal Budget and the Urban Institute, have reached in their own recent reports.

Jun 19, 2017|MarketWatch

Here’s how the U.S. got to $20 trillion in debt

Originally scored at $787 billion, the Congressional Budget Office in 2015 put its price tag higher, at $836 billion. Including interest payments, it added $1 trillion to the debt through fiscal 2016, according to the Committee for a Responsible Federal Budget.

Jun 15, 2017|The Fiscal Times

Republicans Are Getting Serious About a Plan to Extend Major Tax Cuts

Marc Goldwein, senior vice president and senior policy director at the Committee for a Responsible Federal Budget, said the plan sounded to him like a ruse meant to pass an extended tax cut by manipulating the Senate’s rules.

“If the purpose of extending the budget window is so that you can manipulate the Byrd rule and make it so that you have a ‘temporary’ tax cut or ‘temporary’ deficit spending that goes for 19 years before it expires, that’s just ridiculous,” he said. “It’s a pure gimmick and there’s no basis for that except to circumvent important senate rules.”

Jun 15, 2017|Newsmax

What to Look for in the Forthcoming 2017 Social Security Trustees Report

The Social Security Administration believes that about half of the people turning 69 this year will live long enough to be affected. Based on U.S. census figures, that means that more than 80 percent of voting aged Americans will be affected by these changes.

The Committee for a Responsible Federal Budget provides a tool that will tell you at what age you will be when the exhaustion of the Trust Fund arrives with consequences.

Jun 15, 2017|The Hill

Centrist Dems seek input on tax reform from K Street

The group is also planning to meet with policy experts later this month, including Committee for a Responsible Federal Budget President Maya MacGuineas and former Congressional Budget Office Director Doug Elmendorf, the coalition official said.

Jun 13, 2017|The Fiscal Times

How Republicans Could Make a ‘Temporary’ Tax Cut Last for 20 Years

“If the purpose of extending the budget window is because you have a tax plan or spending plan that’s effects really start to appear outside the 10 years, I’m very sympathetic to it,” said Marc Goldwein, senior vice president and senior policy director at the Committee for a Responsible Federal Budget.

“But if the purpose of extending the budget window is so that you can manipulate the Byrd rule and make it so that you have a ‘temporary’ tax cut or ‘temporary’ deficit spending that goes for 19 years before it expires, that’s just ridiculous. It’s a pure gimmick and there’s no basis for that except to circumvent important senate rules.”

It’s an open question as to which category any eventual tax reform proposal that clears the Senate will fall into, but Goldwein said that in his view, the tax proposals being floated right now are more likely in the latter category.

Jun 9, 2017|The Fiscal Times

How the Trump Budget Reforms Social Security Disability Insurance

The Committee for a Responsible Federal Budget, a spending watchdog group that frequently has criticized Trump’s budget and tax cut proposals, has hailed Trump’s proposals for reforming the SSDI system that would “meaningfully improve its solvency.”

“While the estimated savings are likely too high, the approach put forward by the administration is a sensible one” and is consistent with some ideas previously advanced by CRFB.

Jun 8, 2017|The Fiscal Times

Brownback’s Rebuff Over Kansas Tax Cuts Is a Cautionary Tale for Trump

Although the administration so far has provided only a one-page summary of its tax reform plan that mirrors many of Trump’s campaign promises, the Committee for a Responsible Federal Budget prepared a cost estimate of the president’s  latest ideas and concluded they could result in $5.5 trillion of lost revenue during the first decade.

The spending watchdog group warned that Trump’s tax plan if implemented could push the gross national debt to 111 percent of GDP by 2027, higher than any time in U.S. history.

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