Committee for a Responsible Federal Budget

Media Coverage

Feb 22, 2017|Inside Health Policy

Committee For Responsible Federal Budget: Don’t Repeal Caddy Tax Without Replacement

The Committee for a Responsible Federal Budget (CFRB) said Wednesday (Feb. 22) that Congress shouldn't repeal the highly unpopular 40 percent tax on high-cost health plans without a replacement, and suggests instead capping the unlimited tax exclusion for employer benefits, which Congress is considering.

Feb 21, 2017|Wisconsin.com

3 Ways to Preserve Social Security Without Tax Increases

Workers to calculate its annual adjustments. But some believe that an alternative measure of information called chained CPI would be a more accurate way to measure changes in the actual cost of living. Using chained CPI would close about a fifth of the current funding gap that Social Security faces, according to figures from the nonpartisan Committee for a Responsible Federal Budget.

Feb 21, 2017|The Lombardi Letter

How Much Is the U.S. National Debt?

This is on top of the non-partisan Congressional Budget Office’s (CBO) own forecasts of surging debt ahead. Before any reduction of taxes takes place, the CBO predicts that trillion-dollar deficits will return by 2023, the public portion of the debt will rise from $14.2 trillion to $24.9 trillion by 2026, and post-WWII debt will hit records by 2035. (Source: “CBO’s January 2017 Budget and Economic Outlook,” Committee for a Responsible Federal Budget, January 24, 2017.)

Feb 19, 2017|Salon

Beyond fact-checking: After the catastrophic media failure of 2016, the press must master “crucial evidence”

The data is unequivocal on tax cuts not paying for themselves fully, and you can see it in many analyses such as this one from the Committee for a Responsible Federal Budget. Tax cuts can increase growth somewhat in the short term, but in the U.S. they have never created enough growth to make up for the lost revenue by increased tax receipts.

Feb 18, 2017|The Guardian

Insurance companies take the lead on Obamacare replacement ideas

“Their advertised objective here is to stabilize the market,” said Marc Goldwein, vice-president of policy at the Committee for a Responsible Federal Budget. “One way to keep insurance companies selling insurance is to give them some of the things they’re asking for.

“Whether those are things that hurt the consumer, or benefit the consumer, or are neutral to the consumer, will depend,” said Goldwein.

Feb 18, 2017|The Economist

Sovereign-bond issuers shrug off downgrades

The rise of populism means that governments are even less likely to worry about an adverse reaction in the bond markets. Donald Trump has promised a combination of tax cuts, infrastructure spending and the safeguarding of entitlements such as Social Security and Medicare. These plans have to pass Congress, but the Committee for a Responsible Federal Budget, a lobby group, estimated that they would push American debt to 105% of GDP (from 77%) in a decade.

Feb 16, 2017|Vox

Republicans can't agree on Obamacare, and it's grinding Congress to a halt

“The ending of interest deductibility/expensing swap is really costly upfront but raises money in the second decade,” Marc Goldwein, senior vice president and senior policy director for the Committee for a Responsible Federal Budget, says. So even if Republicans wanted to pass a tax reform that cut revenue in the short term, they could fall back on those provisions to get such a bill to be deficit-neutral in the long term, and thus it would be possible to pass through reconciliation without being subject to a filibuster.

Feb 16, 2017|CNBC

Republicans can't agree on Obamacare, and it's grinding Congress to a halt

"The ending of interest deductibility/expensing swap is really costly upfront but raises money in the second decade," Marc Goldwein, senior vice president and senior policy director for the Committee for a Responsible Federal Budget, says.

Feb 16, 2017|CityWire

How to play the robotic revolution and survive the 'robocalypse'

Schenker pointed to recent data from the Committee for a Responsible Federal Budget that said in a relatively low interest rate environment by 2030 18.1% of the government budget will be equal to only the debt on entitlements.

Feb 16, 2017|Medscape

ACA Changes May Put Millions With Mental Illness at Risk

"It's difficult for a Republican president to tell Republican governors that money from Medicaid expansion is going to be cut off," said Antos at a January forum sponsored by the Kaiser Family Foundation and Committee for a Responsible Federal Budget.

Feb 14, 2017|Fox News

Paul reportedly leaves meeting with House Republicans on ObamaCare

"There's going to be a temptation for policymakers to take the easy way out" and simply let deficits rise, said Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget. She said for Republicans promising for decades to improve the nation's fiscal health, that choice "is going to look hypocritical."

Feb 14, 2017|Welt N24

America's dangerous tax plans

Translated Text, Article Originally in German: "Less revenue, more spending - it would be a Harakiri program. In the short term, the US economy would help, say economists. But in the long term there is a problem. While Trump is making his promises, America's debt will rise to 127 percent of gross domestic product over the next decade, according to the Committee for a Responsible Federal Budget.

Feb 14, 2017|Mohave Valley Daily News

GOP must decide what to do with health law taxes

“There’s going to be a temptation for policymakers to take the easy way out” and simply let deficits rise, said Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget. She said for Republicans promising for decades to improve the nation’s fiscal health, that choice “is going to look hypocritical.”

Feb 13, 2017|The Post and Courier

Where did GOP deficit hawks go?

What scares deficit hawks like Maya MacGuineas, who runs the nonpartisan Committee for a Responsible Federal Budget, is the prospect of a deal to give both Trump and Capitol Hill Republicans whatever they want.

Feb 13, 2017|The Associated Press

GOP must decide what to do with health law taxes

"There's going to be a temptation for policymakers to take the easy way out" and simply let deficits rise, said Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget. She said for Republicans promising for decades to improve the nation's fiscal health, that choice "is going to look hypocritical."

Feb 13, 2017|The Washington Free Beacon

Three Trust Funds Projected to Go Insolvent During Trump’s Presidency

Three trust funds are projected to face insolvency during President Donald Trump’s time in office over the next eight years if he is reelected, according to an analysis from the Committee for a Responsible Federal Budget.

Feb 12, 2017|The Courier and Mail

US deficit to fall in 2017 but then climb

Repealing [the Affordable Care Act] could cost the government $US350 billion over 10 years, the nonpartisan advocacy group Committee for a Responsible Federal Budget said in a report in January.

Feb 12, 2017|The Inside Sources

Point: Grading Trump — Not an Honor Roll Record

Moreover, the non-partisan Committee for a Responsible Budget estimates that Trump’s tax plan would add $11.5 trillion to the federal deficit — largely in tax cuts for super-rich people like those banker friends and Trump’s millionaire Cabinet nominees, just 17 of whom control more wealth than 43 million American households.

Feb 12, 2017|Inquisitr.com

Obamacare Replacement Talk Shifts: Can The Affordable Care Act Be Saved?

In addition, as CNN notes, the Committee for a Responsible Federal Budget revealed that repealing Obamacare without a full replacement with similar components would cost $350 billion over the course of the next decade.

Feb 12, 2017|The Rapid City Journal

The high cost of protectionism

Cuts that, according to the Committee for a Responsible Federal Budget (co-chaired by Republican Mitch Daniels and Democrat Leon Panetta, both former directors of the Office of Management and Budget), will reduce revenues by $5.8 trillion over 10 years.

Feb 12, 2017|Full Measure

Debt

This article contains an interview with CRFB president Maya MacGuineas, Rep. Mark Walker (R-NC) and Dean Baker, Co-Directer of the Center for Economic and Policy Research.

Feb 10, 2017|The Austin Daily Herald

Deficit: GOP conservatives must rein in Trump spending

The Committee for a Responsible Federal Budget estimated Trump’s campaign promises would cost a total of $5 trillion, without the infrastructure plan.

Feb 10, 2017|The Motley Fool

The Death of Social Security Has Been Greatly Exaggerated

The bipartisan Committee for a Responsible Federal Budget recently created an interactive tool letting people explore different ways to reduce the costs of the Social Security system going forward, weighing their likely influence on the program's long-term shortfall.

Feb 10, 2017|The Mankato Free Press

Deficit: GOP conservatives must rein in Trump spending

The Committee for a Responsible Federal Budget estimated Trump’s campaign promises would cost a total of $5 trillion, without the infrastructure plan.

Feb 10, 2017|The Australia Financial Review

Who will protect Americans from their Trumpian protectionist tsars?

Cuts that, according to the Committee for a Responsible Federal Budget (co-chaired by Republican Mitch Daniels and Democrat Leon Panetta, both former directors of the Office of Management and Budget), will reduce revenues by $US5.8 trillion over 10 years.

Feb 10, 2017|CNBC

Why Trump's tax reform could still be a long time coming

"The chances for tax reform happening are the highest they've ever been, but they still have their work cut out for them," said Marc Goldwein, senior vice president and senior policy director at the Committee for a Responsible Federal Budget, a nonpartisan organization that studies fiscal policy.

Feb 10, 2017|The Washington Post

Who will protect Americans from their protectors?

Cuts that, according to the Committee for a Responsible Federal Budget (whose co-chairs include Republican Mitch Daniels and Democrat Leon Panetta, both former directors of the Office of Management and Budget ), will reduce revenues by $5.8 trillion over 10 years.

Feb 9, 2017|NPR Fresh Air

Republicans Want To Get Rid Of Obamacare. But Then What?

"I should point out, Donald Trump, he did release a health care proposal during the campaign. This is not when he was in the White House. But his campaign proposal - the Committee for a Responsible Federal Budget analyzed it and found that it would leave 21 million more people without health coverage. So Donald Trump's campaign plan was by far the worse - if you're judging just by number of people covered, it was a plan that basically repealed Obamacare and replaced it with very, very little - no tax credits, no reforms in the individual market, like most of these other Republican plans have."

Feb 9, 2017|CNBC

As Trump hustles to nail down a tax overhaul, he faces the biggest federal debt surge since Truman

Between 2007 and 2016, the national debt more than doubled as a share of GDP, to 77 percent from 35 percent, according to the Committee for a Responsible Federal Budget, a nonpartisan watchdog group.

Feb 8, 2017|Axios

The GOP's growing problem of how to pay for Obamacare replacement

If those lobbyists are successful, it could be a problem, budget wonks say — because Republicans won't have any money left for a replacement plan if they lose all of the Obamacare taxes and don't generate any new ones. "This is a big deal," said Ed Lorenzen, a senior adviser at the Committee for a Responsible Federal Budget.

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