Committee for a Responsible Federal Budget

Media Coverage

Feb 8, 2017|The Boston Globe

Trump on collision course with GOP deficit hawks

“This is a huge test for the Republican Congress,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. “Now they own the policy choices. If they suddenly walk away from their goals of fiscal responsibility they will be hugely hypocritical.”

Feb 8, 2017|The Herald and News

Republicans are strangely silent about budget deficits

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 8, 2017|Life Health Pro

Trump advisor hears Blues’ ACA market stability proposal

Meszaros has been a policy analyst at the Washington-based Committee for a Responsible Federal Budget.

Feb 8, 2017|The Hunterdon Review

Meeting with Lance staff over Affordable Care Act postponed due to snow forecast

ACA repeal would also increase the federal deficit by $350 billion, according to a study by the Committee for a Responsible Federal Budget.

Feb 7, 2017|NYU Local

Sanders v Cruz — The Smarmy One Meets the New York Values He So Despises

Further, a report by the Committee for a Responsible Federal Budget found that full ACA repeal would cost up to $350 billion through 2027.

Feb 7, 2017|The Huffington Post

Threat To Tax Deduction Roils High-Tax States

Maya MacGuineas, the president of the bipartisan Committee for a Responsible Federal Budget, called the state and local tax deduction an “expensive tax break.” If it was eliminated, she said, the federal government would have a significant amount of cash that “might be plowed back into more comprehensive tax reform” or “be used for anything.”

Feb 7, 2017|Fox Business

Fmr. Reagan Advisor Martin Feldstein: Expect Tax Cuts Before Obamacare Reform

According to the Committee for Responsible Budget, the cost of repealing Obamacare could climb upwards of $250 billion over a decade.

Feb 6, 2017|Fredericksburg.com

Repealing ACA will hurt families, economy

The Committee for a Responsible Federal Budget estimates the cost of an ACA repeal would be between $150 billion and $350 billion through 2027. Researchers at George Washington University studied the issue and estimate that the repeal would result in a loss of 3 million jobs between 2019 and 2023. This is bad news for working families and for the economy!

Feb 6, 2017|Die Welt

New discomfort from the spring

Translated Text, Article Originally in German: The Committee for a Responsible Federal Budget has shown that if Trump changes this point of its program, America's indebtedness will rise to 127 percent of gross domestic product over the next decade. This corresponds roughly to the value of the European crisis countries Portugal and Italy.

Feb 6, 2017|The Herald-Tribune

The obstacles to Trump's growth predictions

The aging of the U.S. population is another hurdle constraining employment growth, because it lowers the labor participation rate. Approximately 10,000 baby boomers are retiring every day, on average. If the workforce declines, we need our workers to become more productive. Specifically, productivity growth would need to increase from 1.5 percent to 2.6 percent, according to an article, "Don't Count on 4 percent Growth," by the Committee for Responsible Federal Budget.

Feb 5, 2017|The Fiscal Times

Prospects Dim for Deficit Control as Trump Drives for Defense Buildup

A new analysis by the Committee for a Responsible Federal Budget estimates that balancing the budget by 2027 would require about $8 trillion of deficit reductions over 10 years. That would require sharp cuts in domestic and defense spending and savings in entitlement programs including Medicare and Medicaid.

Feb 5, 2017|Bloomberg View

Hey, Republicans. Where's the Deficit Dudgeon?

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. In that scenario, House Speaker Paul Ryan would get the huge tax cut he has always craved, with most benefits going to the wealthy, and would agree to take politically unpopular cutbacks in Medicare and Social Security off the table, as candidate Trump promised. Trump would get the money to bulk up the military and build lots of roads, bridges and airports.

Feb 5, 2017|The New York Times

Grading Obamacare: Successes, Failures and ‘Incompletes’

Obamacare was devised with a mix of new spending and taxes, along with cuts to the federal Medicare program, so that it would save more than it cost. A recent forecast from the Congressional Budget Office estimates that, if left in place, the Affordable Care Act will continue to save federal dollars through at least 2025. (Recent legislation has made some small changes to the law’s tax provisions, but analysts at the Committee for a Responsible Federal Budget ran the numbers again and found very little difference.)

Feb 3, 2017|The Financial Times

Republican hawks braced for clash with Trump over debt

“The worrying thing is the new administration seems to be focused on wishful thinking on how much growth we can squeeze out of new policies, rather than grappling with hard choices about how to pay for new initiatives,” said Maya MacGuineas, head of the non-partisan Committee for a Responsible Federal Budget.

“Republicans want smaller government but the question is, are they willing to get there by cutting spending? You don’t get smaller government by cutting taxes — you just get more debt.”

 

Feb 3, 2017|Employee Beneft Adviser

Health policy experts weigh in on ACA replacement efforts

In a partnership forum Tuesday hosted by The Kaiser Family Foundation and the Committee for a Responsible Federal Budget, health policy experts from both sides of the political spectrum discussed what’s working and what isn’t in regard to the healthcare law.

Feb 2, 2017|The Herald

Mick Mulvaney is almost Trump’s budget chief. But not soon enough.

“It’s a series of increasingly daunting tasks,” said Ed Lorenzen, a senior adviser at the nonpartisan Committee for a Responsible Federal Budget, a Washington-based watchdog group.


Read more here: http://www.heraldonline.com “It’s a series of increasingly daunting tasks,” said Ed Lorenzen, a senior adviser at the nonpartisan Committee for a Responsible Federal Budget, a Washington-based watchdog group. news/article130387604.html#storylink=cpy
Feb 1, 2017|Bloomberg BNA

Magic Asterisk? CBO Ups Cost of ‘Current Policy’ Tax Revamp

And that’s one of the problems with the idea of keeping but not offsetting the new round of tax breaks, according to Marc Goldwein, senior vice president of the bipartisan Committee for a Responsible Federal Budget.

Feb 1, 2017|The Street

Trump's Border Wall Could Cost $120 per American Household

While President Donald Trump insists Mexico will pay for his proposed wall at the United States-Mexico border, if and until it does, the project could cost $95 to $120 per American household.

The estimate comes from the Committee for a Responsible Federal Budget, a Washington, D.C.-based organization focused on fiscal policy and the national debt. The CFRB estimates the border wall, a pillar of Trump's presidential campaign, would add $12 billion to $15 billion to the national debt, based on recent numbers put out by Senate Majority Leader Mitch McConnell and Speaker of the House Paul Ryan. (Some estimates say the cost of the wall could be higher.) That would come out to $95 to $120 per American household. 

Feb 1, 2017|Stars and Stripes

Shulkin looks to carry on predecessor’s plans for VA

Most in the veterans community generally agree veterans should have better access to private-sector health care. But some veterans have said expanding the program too much would be “privatization” – an action that the Committee for a Responsible Federal Budget, a nonprofit that tracks the fiscal costs of policy, tallied at $500 billion in costs during the next 10 years.

Feb 1, 2017|Electronic Benefit News

Health policy experts weigh in on ACA replacement efforts

In a partnership forum Tuesday hosted by The Kaiser Family Foundation and the Committee for a Responsible Federal Budget, health policy experts from both sides of the political spectrum discussed what’s working and what isn’t in regard to the healthcare law.

Jan 31, 2017|CNN Money

Republican plans will cost trillions. Can they pay for them?

First, the current assumption is that lawmakers will repeal Obamacare partially: Get rid of the taxes and mandates immediately, then delay the repeal of the Medicaid expansion and insurance subsidies by up to two years. The estimated savings would be $550 billion over a decade, according to the Committee for a Responsible Federal Budget. (Full repeal, by contrast, would increase deficits by between $150 billion and $350 billion.)

Jan 31, 2017|Australian Financial Review

Trump's 'too late in the business cycle' to hit 3 per cent growth target

As outlined during his election campaign, Trump has promised to cut the corporate tax rate from 35 per cent to 15 per cent, though as of yet there are no indications when that might take place. According to the Committee for a Responsible Federal Budget, estimates suggest the tax cuts could add $US5.3 trillion to public sector debt over a decade.

Jan 31, 2017|Forbes

Why Trump's Efforts To Repeal And Replace Obamacare Will Fail: Part II-Other Factors

According to the Committee for a Responsible Federal Budget, one of the first legislative deadlines President-elect Donald Trump and the 115th Congress will face is the need to raise the debt limit. The budget deal brokered last November suspended it until March 15, 2017. Strictly speaking, the Treasury Department can use accounting tools, called “extraordinary measures,” to avoid defaulting on the government’s obligations until mid-summer of 2017.  But past experience suggests the fiercest debating nevertheless will occur in March.

Jan 31, 2017|The Daily Pakistan

Trump’s trouble: Mexico border wall could cost $120 per US household

The bipartisan Committee for a Responsible Federal Budget has found that $120 per US household would be added to the national debt, the Independent reported.

Jan 31, 2017|The Coin Telegraph

Trump Immigration Order Helps Bitcoin Price to Break Barrier

Trump’s policies, indeed will push the United States further into debt and as the U.S. Committee for a Responsible Federal Budget observed the U.S. debt would rise to 129 percent of the GDP by 2026.

Jan 31, 2017|The Clinton Herald

Effects of ACA repeal could be far-reaching, diverse

An estimate from the Committee for a Responsible Federal Budget pegs the cost of repealing the ACA at about $350 billion over the next decade.

Jan 31, 2017|Fierce Healthcare

Panel discusses ACA repeal, future of health reform

The Kaiser Family Foundation and the Committee for a Responsible Federal Budget hosted a public forum Tuesday morning where at two panels of industry insiders from both sides of the aisle sounded off on healthcare reform.

Jan 31, 2017|Insurance News Net

The Secret Sauce For Health Care Reform

But there’s a “secret sauce” to make any health care reform plan successful, according to Peter V. Lee, the executive director of Covered California, the first state-based exchange established under the Affordable Care Act.

Lee was one of the panelists who appeared at a public forum discussing the process and implications of repealing and replacing the ACA. The forum was sponsored by the Kaiser Family Foundation and the Committee for a Responsible Federal Budget.

Jan 31, 2017|Rare

After meeting with pharmaceutical lobbyists, Trump reversed a major campaign promise

Even if Trump hadn’t flip-flopped on that promise, it was a “preposterous” campaign promise, according to The Committee for a Responsible Federal Budget. They say the federal government spends less than $300 billion on drugs every year, making such savings mathematically impossible.

Jan 30, 2017|The Independent

Every US household will pay $120 for the border wall if Mexico does not reimburse the cost

The bipartisan Committee for a Responsible Federal Budget found that $120 per US household would be added to the national debt.

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