Committee for a Responsible Federal Budget

Media Coverage

Jun 7, 2017|The New York Times

Debt Ceiling Is Again a Battleground, This Time with Republicans in Charge

“It’s going to complicate the ability to pass a budget, and it’s going to complicate tax reform because of the internal tensions that they have to struggle with,” said Ed Lorenzen, senior adviser for the Committee for a Responsible Federal Budget, a bipartisan group.

Jun 7, 2017|NPR

"Planet Money" Episode 776: Here We Grow Again

"3% growth is possible if absolutely everything goes right at the same time," said Marc Goldwein, a guest on NPR's Planet Money

Jun 5, 2017|Bloomberg

Obamacare Repeal's Latest Obstacle Involves Native Americans

Democrats argue that the Native American cost-sharing eligibility issue falls under the jurisdiction of the Senate Indian Affairs Committee. If that’s so, the bill wouldn’t qualify for the streamlined procedure, which requires all policy changes to go through either the Senate Health or Finance committees, said Ed Lorenzen, a senior adviser to the independent Committee for a Responsible Federal Budget.

"If the parliamentarian rules that repeal of Section 1402 implicates Indian Affairs Committee jurisdiction it would be a fatal violation," Lorenzen said, referring to the section of law containing the cost-sharing. That would require House action "to correct the problem," he said.

Jun 2, 2017|FactCheck.org

Video: Trump’s Budget Double Count

“The same money cannot be used twice,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget.

May 31, 2017|The Hill

Congress faces tough road to balanced budget

“I think it’s going to be really hard, and it should look hard because balancing the budget is hard. The Trump budget makes it look easy because they do it by stacking the deck,” said Marc Goldwein, Senior Vice President of the Committee for Responsible Budget.

Trump’s budget was criticized for relying on several gimmicks and a dose of fuzzy math to eliminate the deficit, including significantly higher economic growth projections than most experts think are feasible and double-counting the budgetary effects of the growth. 

Goldwein explained that the difference between Trump's proposal and Congress's proposal is that the latter is actually constraining for the rest of the year.

May 30, 2017|The Daily Signal

Cut or ‘Clean’: Trump, Congress Negotiate on How to Raise the Debt Ceiling

Raising the debt ceiling should include budget savings, but shouldn’t mean threatening to default on paying the nation’s bills, said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a nonpartisan fiscal watchdog group.

“There should not be talk of allowing the country to default. That’s not a credible threat nor a legitimate strategy,” MacGuineas told The Daily Signal. “But, it does make sense to include savings and debt reduction as part of any package to increase the debt ceiling.”

May 28, 2017|Fox News

Jessica Tarlov: Trump's no good very bad budget

Everyone knows you can’t have it both ways.

And Marc Goldwein, senior vice president for the Committee for a Responsible Federal Budget, especially knows. “You can’t use the same money twice,” he said of the budget. Larry Summers, President Obama’s former adviser and Clinton Treasury Secretary, added that this is an “elementary” but “egregious accounting error.”

May 26, 2017|The Daily Caller

Trump’s Economic Forecasts Aggressively Optimistic, But Do They Add Up?

The Committee for a Responsible Federal Budget finds that the administration’s goal of 3 percent growth will be “very difficult to achieve” and that the “president’s proposals would not meet his fiscal goal in reality.”

May 25, 2017|BBC

Will Trump bring paid maternity leave to the US?

"It's technically not the federal government raising taxes, maybe that's easier to swallow," says Marc Goldwein, senior vice president for the Committee for a Responsible Federal Budget.

May 25, 2017|Washington Examiner

Trump tax plan won't cut revenue, Mulvaney says

To this point, the administration has submitted a one-page outline of tax reform goals. That framework, however, likely would lose $3 trillion to $7 trillion in revenue over 10 years, according to a rough estimate from the Committee for a Responsible Federal Budget.

May 24, 2017|The Independent

Low-income Trump voters to be overwhelmingly hit by President's proposed budget cuts

The Committee for a Responsible Federal Budget, a nonpartisan policy organisation, said the full budget plan relied on gimmicks, unrealistic cuts and “rosy assumptions” of economic growth that would reach 3 per cent annually by the end of Mr Trump's first term.

May 24, 2017|CBS News

What is the "tax gap" the White House wants to shrink?

The Obama administration made attempts to close the gap by stepping up enforcement, but probably only reduced it by $50 billion to $100 billion over a decade, said Marc Goldwein, senior vice president and senior policy director at the Committee for a Responsible Federal Budget.

May 24, 2017|The Hill

What to watch for in new healthcare score

It is “very possible” the House-passed bill doesn’t do so under the jurisdiction of the Senate Health Committee, Ed Lorenzen, a senior adviser for the Committee for a Responsible Federal Budget, wrote in an email.

He said it’s his understanding that the Senate parliamentarian — who is the ultimate decider on whether the bill meets the guidelines governing reconciliation — hasn’t made a final decision on which jurisdiction the various provisions of the American Health Care Act fit in.

May 24, 2017|Vox

I read Trump's budget with an expert. His take: it's based on phony assumptions.

I reached out to Marc Goldwein, the senior vice president and senior policy director for the Committee for a Responsible Federal Budget. The CRFB is a nonpartisan, nonprofit group and an objective resource for policymakers on both sides of the aisle. Goldwein’s focus is on the federal budget, and he works regularly with members of Congress on budget-related issues.

He was kind (and patient) enough to walk through these pillars with me, one by one. I wanted to know if the specific plans outlined in the text align with the commitments Trump is making in this proposal.

May 24, 2017|NBC News

Trump Team Stands by Budget’s $2 Trillion Math Error

"Using the revenue from feedback from economic growth toward deficit reduction," wrote the non-partisan Committee for a Responsible Federal Budget, "is inconsistent with recent statements that economic growth would be used to help finance tax reform."

May 24, 2017|Bloomberg BNA

Trump Budget Plan Gets Chilly Reception on Capitol Hill

“The budget balances on paper—and having a specific fiscal goal—is an important first step. But it only achieves that goal by relying on incredibly rosy economic growth assumptions along with very aggressive and unrealistic future cuts, while omitting a potentially extremely costly tax reform plan,” said Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget.

May 24, 2017|Washington Examiner

The good, the bad, and the terrible of Trump's budget proposal

All this spending happens, as Maya MacGuineas notes in the New York Times, "without specific offsets and 'protecting' Social Security and Medicare, a reassuring political promise that removes over one-third of the budget from consideration." Basically, the budget proposal doesn't cut enough if it wants to spend that much money.

May 24, 2017|Salon

The double count: Trump budget includes $2 trillion accounting gimmick

Economists interviewed by the Los Angeles Times seem to agree that Trump’s figures are absurd. A senior vice president for the Committee for a Responsible Federal Budget named told the Times that “you can’t use the same money twice.”

May 23, 2017|CBS News

Trump budget proposal has massive cuts to social programs

Maya MacGuineas, the President of the Committee for a Responsible Federal Budget (CRFB), credits the administration for setting an ambitious fiscal goal but believes the "reverse Robin-Hood  budget that the administration has put forth skirts deeper issues stemming from Social Security and Medicare," she told CBS News.

May 23, 2017|The New York Times

Trump’s Problematic Math: Budget Plan Adds Growth, but Doesn’t Subtract Cost

“The same money cannot be used twice,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said in a statement criticizing the administration’s math.

The budget office insisted in an email that the $2.1 trillion was in addition to the revenue necessary to offset the cost of the tax cuts. The administration, in other words, said that it had previously underestimated the benefits of its own plans.

But Marc Goldwein, a senior policy director at the Committee for a Responsible Federal Budget, said the budget itself showed that this could not be true.

May 23, 2017|The Associated Press

Why Trump's Budget Plan Wouldn't Likely Accelerate Growth

"The numbers add up on paper, but they don't add up in reality," said Marc Goldwein, senior vice president and policy director at Committee for a Responsible Federal Budget. "For this budget to work, you need a time machine to take us back to the 1990s."

May 23, 2017|The Washington Post

Even some Republicans balk at Trump’s plan for steep budget cuts

Budget experts questioned many of the economic assumptions that the White House put into its plan, saying it was preposterous to claim that massive tax cuts and spending reductions will lead to a surge in economic growth. The Committee for a Responsible Federal Budget, for example, said that using normal economic projections, the White House’s proposal would not eliminate the deficit and would allow U.S. debt to continue growing into the next decade.

“Rather than making unrealistic assumptions, the president must make the hard tax and spending choices needed to truly bring the national debt under control,” it said.

May 23, 2017|Fox Business Network

White House budget to slash growth in spending

‘Intelligence Report’ host Trish Regan and Committee for a Responsible Federal Budget’s Marc Goldwein weigh in on the White House budget.

May 23, 2017|Financial Times

Trump budget under attack over growth claims and accounting

Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget, said the budget document contained some good specific policies aimed at curbing debt, but that they were overwhelmed by “heroic growth assumptions”.

May 23, 2017|The Atlantic

The Unworkable Math of Trump’s Budget

According to the Committee for a Responsible Federal Budget, the cost of those tax cuts could be as high as $5.5 trillion over a decade. In the budget, they don’t appear to affect revenues at all—other than in generating more revenue, on account of the economy growing so much. The administration is essentially double-counting the benefits of the tax cuts, predicting that they will not only create more revenue but that the additional revenue will be enough to close the deficit.

May 23, 2017|TIME

President Trump's Budget Includes a $2 Trillion Math Mistake

According to the Committee for a Responsible Federal Budget, for Trump's tax cuts to pay for themselves, the economy would have to grow at 4.5 percent over the next 10 years. That's two and a half times the growth rate projected by the Congressional Budget Office.

May 23, 2017|Politico

Trump's magical budget math

The Committee for a Responsible Federal Budget, a fiscal watchdog, estimates that the plan would actually cut revenues by $5.5 trillion, a figure that Mnuchin rejected at a congressional hearing last week. “We would never propose a plan that we thought would cost $5 trillion,” he said.

May 23, 2017|Fox Business Network

Imbalances underlying Trump’s budget plan?

Committee for a Responsible Federal Budget President Maya MacGuineas on President Trump’s budget proposal and tax reform plan.

May 22, 2017|Inc.

Report: 3% U.S. GDP Growth Rate Is Unrealistic

The fiscal 2018 budget, due to drop Tuesday, will likely reflect assumptions that economic growth of 3% or more will make President Trump's spending proposals work. Those are bad assumptions, according to a new research paper from the Committee for a Responsible Federal Budget.

May 22, 2017|NPR

As GOP Tarries On Health Bill, Funding For Children's Health Languishes

 "Once Congress adopts a new budget resolution for fiscal year 2018," says Ed Lorenzen, a budget-process expert at the Committee for a Responsible Federal Budget, that new resolution "supplants the fiscal year 2017 resolution and the reconciliation instructions in the fiscal year 2017 budget are moot."

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