Committee for a Responsible Federal Budget

Media Coverage

Jan 30, 2017|The Hill

The way ahead on tax, debt and healthcare

For example, the Medicare reforms in ObamaCare would generate approximately $750 billion in savings if retained, according to the Committee for a Responsible Budget. 

Jan 30, 2017|HLN.be

Trump's wall will not pay each American family $ 120 cost Mexico

Translated Text, Article Originally Appeared in Dutch: The national debt of the United States will increase by 120 dollars (113 euros) per family if Mexico does not pay Donald Trump wall. That has calculated the US Committee for a Responsible Federal Budget.

Jan 30, 2017|L’Economiste

United States: Expected budget deficit down

Translated Text, Article Originally Appeared in French: According to the Committee for a Responsible Federal Budget, the combination of tax cuts and infrastructure spending could add $ 6 trillion to federal debt over ten years.

Jan 30, 2017|CBS News

What Donald Trump's U.S. economy could look like

The wall won’t be cheap: up to $25 billion. The Committee for a Responsible Federal Budget estimates that amounts to $120 per U.S. household.

Jan 30, 2017|Money Magazine

New White House Policies Could Put Veterans' Health at Stake

Trump has proposed solving the VA's problems of long waits and poor care by allowing veterans to see private doctors, with Uncle Sam picking up the tab. But that program -- which would cost as much as $500 billion over 10 years, according to the Committee for a Responsible Federal Budget -- is controversial, with some veterans groups seeing it as partial privatization that could ultimately weaken the VA.

Jan 28, 2017|NBC News

What is ‘Repeal and Replace?’ A Guide to Trump’s Health Care Buzzwords

Price's own budget proposal last year would have saved $1 trillion over ten years by block granting Medicaid, according to the non-partisan Committee for a Responsible Federal Budget. Republicans also are debating whether they should start Medicaid spending at the level set by the ACA's expansion, which 19 states still have not accepted, or revert to spending levels before its passage.

Jan 28, 2017|The Atlantic

Do Deficits Still Matter to Republicans?

Everything that the new president and the new Congress are contemplating comes at a budgetary cost, whether in the form of direct federal spending or through the lost revenue of tax cuts. A border wall would cost $12 billion to $15 billion, according to Republicans, and potentially much more according to other estimates. Repealing Obamacare and the taxes that finance the law would shrink federal revenues by as much as $350 billion, according to an analysis by the Committee for a Responsible Federal Budget. Republicans also want to boost military spending by an untold sum, and Trump is insisting that GOP lawmakers invest another $1 trillion to rebuild American roads, bridges, and airports.

Jan 28, 2017|MedPageToday.com

D.C. Week: Partisan Jousting Marks Price Hearing for HHS Post

And the Kaiser Family Foundation and the Committee for a Responsible Federal Budget will examine ACA repeal-and-replace strategies.

Jan 27, 2017|CNBC

Trump's wall could cost estimated $120 per US household

The U.S.-Mexico border barrier that President Donald Trump pushed forward with this week could cost a projected $15 billion, according to Senate Majority Leader Mitch McConnell, R-Ky. That bill would come out to $120 per household, based on the latest Census data of U.S. households, according to the nonpartisan Committee for a Responsible Federal Budget.

Jan 27, 2017|The Washington Times

Trump’s border wall hits budget woes

The Committee for a Responsible Federal Budget didn’t criticize the wall itself, but said it feared the way it would be paid for. The CRFB insisted the wall’s costs be paid for up front, rather than spread out over 10 years, as Congress often does with one-time spending.

Jan 27, 2017|International Business Times

Products That Come From Mexico: US Imports Of Cars, Food, Oil And Other Goods Could Get Much More Expensive Under Trump

Household spending, the Committee for a Responsible Federal Budget wrote International Business Times in an email, could rise by $120 on average as a result, and even if the Trump administration doesn’t follow through on its 20 percent tax plan, there’s another way prices of Mexican goods could rise.

Jan 27, 2017|International Business Times

How Much Will The Wall Cost? Each American Household Will Be Forced To Pay $120 Or More For Trump's Project

Instead of holding true to the president’s vow along the campaign trail that the Mexican government would foot the bill, however, it seems U.S. taxpayers will pay for Trump's construction project, as Mexican officials and opposition to the border wall have long-warned. If the wall does, in fact, end up costing nearly $15 billion, that would mean each American household would be forced to pay a minimum of $120 for the wall to be built, according to the Committee for a Responsible Federal Budget.

"Of course, that doesn’t count interest," Patrick Newton, press secretary for the committee, said in an email to International Business Times.

Jan 27, 2017|Palm Beach Post

Trump Wall: Study says it will cost your household $120 to build

UPDATE: The Committee for a Responsible Budget says the estimated cost of a border wall — $15 billion — could cost each U.S. household $120. That figure, though, doesn’t count the interest on any debt assumed.

The organization is a non-partisan group that focuses on America’s debt and deficits. Maya MacGuineas, president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt, was on a panel hosted by the Forum Club in March of last year.

Jan 27, 2017|Ouest France

Economic policy: where does Trump go?

Translated Text, Article Originally in French: The Committee for a Responsible Federal Budget estimates that the combination of tax cuts and infrastructure spending could add $ 6 trillion to federal debt over ten years.
Jan 27, 2017|KJRH

Proposed Mexican import tax could affect local businesses

Non-partisan group, Committee for a Responsible Federal Budget, estimates the border wall will cost about $120 per American household.

Jan 27, 2017|Dayton Daily News

Trump’s border wall could cost $120 per household

President Donald Trump’s plan to build a U.S.-Mexico border wall could cost U.S. taxpayers $120 per household, according to the Washington, D.C.-based Committee for a Responsible Federal Budget.

Jan 26, 2017|WWMT

Is America better off than 8 years ago? The answer isn't so simple

Not all of the new debt can be attributed to Obama’s policies. The Congressional Budget Office was already projecting debt held by the public to reach $9.1 trillion by 2017 when Obama took office, according to the Committee for a Responsible Federal Budget. Much of the deficit spending grew from tax cuts, military actions and programs instituted under Bush.

Jan 26, 2017|Canoe.ca

With or without Trump, the budgetary gap will widen

Translated Text, Article originally in French: According to the Committee for a Responsible Federal Budget, the combination of tax cuts and infrastructure spending could add US $ 6 trillion to 10-year federal debt.

Jan 26, 2017|WEAR TV

Is America better off than 8 years ago? The answer isn't so simple

Not all of the new debt can be attributed to Obama’s policies. The Congressional Budget Office was already projecting debt held by the public to reach $9.1 trillion by 2017 when Obama took office, according to the Committee for a Responsible Federal Budget. Much of the deficit spending grew from tax cuts, military actions and programs instituted under Bush.

Jan 26, 2017|Euronews.com

United States: with or without Trump, the budgetary gap will widen

Translated Text, Article Originally Written in French: According to the Committee for a Responsible Federal Budget, the combination of tax cuts and infrastructure spending could add $ 6 trillion to federal debt over ten years.

But the prospects of the CBO which are already "on an unsustainable trajectory (...) remind us grimly of the budgetary challenge that will face President Trump and the new Congress," said the institute.

Jan 25, 2017|The Columbus Dispatch

Federal debt set to soar

"CBO's math is clear and undeniable-the debt is growing faster than the economy and on an unsustainable path," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a Washington, D.C.-based nonprofit which champions lower deficits.

"We cannot continue this trend forever," she said. "Policymakers should not go into debt denial with hopes that unrealistic growth and rosy projections will save the day. Ignoring these fiscal facts is like ignoring a coming storm. Our nation will be drowning under red ink if policymakers do not reverse course now."

Jan 25, 2017|CNBC

With Dow 20K passed, $20 trillion on the national debt is next

"It has become all too commonplace to borrow not for productive investments or for wherever we are in the business cycle ... but because people don't want to pay the bills and have found it politically expedient not to do so." -Maya MacGuineas, president, Committee for a Responsible Federal Budget

Jan 25, 2017|CentralJersey.com

'Obamacare' repeal & replace is poor governance

A forecast of a $350B deficit due to the repeal without a replacement by the end of the decade has been made by the Committee for a Responsible Federal Budget. 

Jan 25, 2017|The New American

Trump Pick for Management & Budget Talks Raising Retirement Age

Marc Goldwein, senior vice president and policy director of the Committee for a Responsible Federal Budget, reviewed four plans last August touted to solve most, if not all, of Social Security’s problems. Each in its own way only rearranged the deck chairs on the Titanic, some by removing the cap on income subjected to tax, others by raising the retirement age, some by a combination of the two.

Jan 24, 2017|The Springfield News-Sun

Most of U.S. budget in 2027? Debt, Medicare, Medicaid, Social Security

“CBO’s math is clear and undeniable—the debt is growing faster than the economy and on an unsustainable path,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a Washington, D.C.-based non-profit which champions lower deficits.

“We cannot continue this trend forever,” she said. “Policymakers should not go into debt denial with hopes that unrealistic growth and rosy projections will save the day. Ignoring these fiscal facts is like ignoring a coming storm. Our nation will be drowning under red ink if policymakers do not reverse course now.”

Jan 24, 2017|Roll Call

Republicans Could Face Trouble Balancing Next Budget

The nonpartisan Committee for a Responsible Federal Budget estimates that if Republicans write a repeal that is similar to the last one, it would save $750 billion over the next 10 years.

The nonpartisan Committee for a Responsible Federal Budget estimates that if Republicans write a repeal that is similar to the last one, it would save $750 billion over the next 10 years. - See more at: http://www.rollcall.com/news/policy/republicans-balancing-budget-challen...
The nonpartisan Committee for a Responsible Federal Budget estimates that if Republicans write a repeal that is similar to the last one, it would save $750 billion over the next 10 years. - See more at: http://www.rollcall.com/news/policy/republicans-balancing-budget-challen...
The nonpartisan Committee for a Responsible Federal Budget estimates that if Republicans write a repeal that is similar to the last one, it would save $750 billion over the next 10 years. - See more at: http://www.rollcall.com/news/policy/republicans-balancing-budget-challen...
The nonpartisan Committee for a Responsible Federal Budget estimates that if Republicans write a repeal that is similar to the last one, it would save $750 billion over the next 10 years. - See more at: http://www.rollcall.com/news/policy/republicans-balancing-budget-challen...
The nonpartisan Committee for a Responsible Federal Budget estimates that if Republicans write a repeal that is similar to the last one, it would save $750 billion over the next 10 years. - See more at: http://www.rollcall.com/news/policy/republicans-balancing-budget-challen... nonpartisan Committee for a Responsible Federal Budget estimates that if Republicans write a repeal that is similar to the last one, it would save $750 billion over the next 10 years. - See more at: http://www.rollcall.com/news/policy/republicans-balancing-budget-challen...
The nonpartisan Committee for a Responsible Federal Budget estimates that if Republicans write a repeal that is similar to the last one, it would save $750 billion over the next 10 years. - See more at: http://www.rollcall.com/news/policy/republicans-balancing-budget-challen...
Jan 24, 2017|Direct Matin

Donald Trump President of the United States: What Consequences?

Translated Text, Article Originally Appeared in French: But some economists, such as the Committee for a Responsible Federal Budget, feel that its program is unrealistic. "Donald Trump promises more than he can offer," said Committee Director Marc Goldwein. According to the calculations of this non-partisan group, Donald Trump's proposals would cost nearly $ 15 trillion over 10 years, which would increase the US debt by 86% in 2026 (if the policies of the government Obama remained in place) to nearly 140%.

Jan 24, 2017|The Wall Street Journal

OMB Nominee Mick Mulvaney Wants Changes to Social Security, Medicare

Mr. Trump’s plans, however, would increase federal debt by more than $5 trillion beyond current projections, largely because of his tax cuts, according to a campaign-season projection from the Committee for a Responsible Federal Budget. Mr. Trump also has promised to avoid Social Security and Medicare cuts, limiting his options for curtailing spending.

Jan 24, 2017|The Guardian

Trump budget plan could add $6tn to public debt in a decade, analysts say

Trump’s campaign promises of major tax cuts and a vast infrastructure investment would add $6tn to that debt, according to independent analysis by the nonpartisan thinktank Committee for a Responsible Federal Budget.

“My hope is that when Trump and his administration see how high our debt is that it gives them a little pause before they start to pursue huge tax cuts and infrastructure spending,” said Marc Goldwein, policy director of the Committee for a Responsible Federal Budget.

Jan 24, 2017|CBS News

U.S. economy expected to grow at modest pace

The Committee for a Responsible Federal Budget, a bipartisan group, sounded an alarm Tuesday about this trend. “CBO’s math is clear and undeniable -- the debt is growing faster than the economy and on an unsustainable path,” said the organization’s president, Maya MacGuineas.

Pages