Committee for a Responsible Federal Budget

Media Coverage

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|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 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|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 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 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|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|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|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|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|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 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|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|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|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 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|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|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 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 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|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|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.

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|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 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.

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