Committee for a Responsible Federal Budget

Media Coverage

Jan 5, 2017|Politifact

What would the impact be if the Affordable Care Act is repealed?

This year, the Urban Institute and the Robert Wood Johnson Foundation published a report projecting that 24 million additional people by 2021 would have lost coverage or be unable to find it. The Committee for a Responsible Federal Budget, a group that seeks to lower the federal deficit, projected that the number would be 23 million.

Jan 5, 2017|CNBC

Maya MacGuineas on CNBC: Full repeal of Obamacare to cost $350B

“Health care reform and tax reform are likely going to be the initial priorities for the coming months…we really have to look at the bottom line of how they’ll affect the fiscal situation, the economic situation, and the well-being of American households.” --- Maya MacGuineas. 
 

Jan 5, 2017|Bloomberg BNA

Hill Briefs: W&M Names Members; Dems Pick Chief of Staff

Repealing taxes tied to the Affordable Care Act would cost $800 billion, according to an estimate from the Committee for a Responsible Federal Budget.

Jan 5, 2017|Alamogordo Daily News

New in 2017: Trump's first military budget will reveal what's in store for the next 4 years

Over President Obama's objections, Congress in December passed legislation that funds the addition of 23,000 troops across the Army, Air Force and Marine Corps. By some estimates, Trump's long-term plans could see the active-duty force grow by almost another 140,000 personnel. 

Some observers have called such plans prohibitively expensive. The National Taxpayers Union Foundation, for instance, estimates — at minimum — those plans will require an annual defense spending boost of 3 percent. The Committee for a Responsible Federal Budget has pegged the cost at an additional $150 billion in coming years. 

Jan 5, 2017|BenefitsPro

ACA repeal would put budget in the red by $350 billion

It may be Republicans’ first order of business in 2017, but repealing the Affordable Care Act will boost the country’s budget deficit by $350 billion over 10 years.

That’s according to a new study from the Committee for a Responsible Federal Budget (CRFB). The Hill reports in its analysis the CRFB found that although repealing the law’s spending on providing coverage would save $1.55 trillion, the savings would be more than negated by repealing $800 billion in tax increases and $1.1 trillion in Medicare and other cuts.

Jan 5, 2017|Healthcare Dive

ACA Round-Up: Fault lines show as ACA battle wages on

According to the Committee for a Responsible Federal Budget, repealing the ACA in its entirety would be expensive (roughly $350 billion though 2027), leaving no money available to enact a replacement and actually adding to federal debt. Savings associated with a partial repeal of the ACA, which is more realistic, vary widely according to which provisions of the complex law are removed.

Jan 5, 2017|Modern Health

GOP governors face uphill battle to spare Medicaid expansion from repeal

The bipartisan think tank Committee for a Responsible Federal Budget has estimated that ending Medicaid expansion would save the government $1.1 trillion by 2027, though it would leave millions of Americans uninsured and increase hospitals' uncompensated-care costs.

Jan 4, 2017|News One

Repealing Obamacare Will Cost $350 Billion: Report

A full repeal of Obamacare would cost $350 billion over the next decade, according to a new analysis from the bipartisan Committee for a Responsible Federal Budget, reports CNN.

Jan 4, 2017|The Guardian

Mike Pence promises Obamacare repeal but shares few details on alternative

Despite constant criticism from Republicans that the healthcare law is too costly, a new analysis found that a wholesale repeal of the law would cost roughly $350bn over the next decade, according to a new analysis by the Committee for a Responsible Federal Budget, a bipartisan group that advocates for fiscal restraint.

Jan 4, 2017|The Washington Post

The cost and calamity of an Obamacare ‘repeal and delay’ strategy

The Committee for a Responsible Federal Budget (no left-wing group, it is co-chaired by Mitch Daniels and Leon Panetta) tells us what getting rid of the Affordable Care Act might entail: “According to our latest estimates, repealing the ACA in its entirety would cost roughly $350 billion through 2027 under conventional scoring and $150 billion using dynamic scoring.” The CRFB gets to that number because savings from eliminating coverage are dwarfed by removing savings elsewhere and by revenue loss. “Repealing the ACA’s coverage provisions would save $1.55 trillion through 2027, while repealing its tax increases would cost $800 billion, and repealing its Medicare (and related) cuts would cost another $1.10 trillion. Repeal would also lead to a small increase in economic growth, which could produce over $200 billion of additional net savings.”

The analysis explains the savings and costs that result in that net figure.

Jan 4, 2017|Bloomberg BNA

Budget Plan Sets Jan. 27 Deadline for ACA Repeal Proposals

The Senate budget resolution...which would exempt ACA-related legislation from existing Senate parliamentary points of order against increasing short- or long-term deficits. “The inclusion of these exemptions suggests an expectation that the costs of replacement legislation may exceed the savings from repeal by more than $10 billion in some of the years within the 10-year budget window, and that the combination of repeal and replace legislation may increase the long-term deficit beyond the ten-year budget window,” the bipartisan Committee for a Responsible Federal Budget said in a blog posting on its website.

Jan 4, 2017|Market Watch

Pence, Obama rally troops in Congress as Obamacare showdown looms

Stronger economic growth could reduce the price tag to $150 billion, but at the cost of leaving 23 million Americans who now have health insurance without it, according to the Committee for a Responsible Federal Budget.

Jan 4, 2017|CNN Money

Fully repealing Obamacare will cost $350 billion

A full repeal of Obamacare would cost $350 billion over the next decade, according to a new analysis from the bipartisan Committee for a Responsible Federal Budget. This makes its wholesale dismantling much more complicated.

Jan 4, 2017|The Fiscal Times

Obamacare Repeal Is a Fiscal Minefield for the GOP

Congressional Republicans have begun the process of repealing the Affordable Care Act, which will not only force them to come up with a plan to replace the program, but as an analysis released by the Committee for a Responsible Federal Budget demonstrates, to fill a hole in the federal budget of as much as $350 billion through 2027...The CRFB’s $350 billion figure (potentially only $150 billion under a dynamic scoring model) is most properly seen not as a guaranteed shortfall so much as a baseline. 

Jan 4, 2017|CNBC

Here's how GOP repeal of Obamacare would swell the federal deficit

Repealing Obamacare will cost the federal government as much as $350 billion, according to a new estimate. The $350 billion cost estimate in an analysis released Wednesday by the nonpartisan Committee for a Responsible Budget would be spread over 10 years unless key provisions of the law are maintained or replaced. "Repealing the entire ACA would leave no funds available for 'replace' legislation, and in fact would require further deficit reduction to avoid adding to the debt," the report said.

Jan 4, 2017|NBC News

Trump's Obamacare Journey: From Total Repeal to 'Be Careful'

His health care plan, released online in March, had far more in common with the kind of boilerplate health care proposals the rest of the Republican party touts than his earlier praise for Canada suggested it might. It would likely cause 21 million people to lose their health insurance and cost about $270 billion over 10 years, according to the nonpartisan budget advocacy group Committee for a Responsible Federal Budget (CRFB).

Jan 4, 2017|The Hill

Study: ObamaCare repeal would cost $350 billion

Repealing ObamaCare would increase the budget deficit by $350 billion over 10 years, according to a new study. The analysis from the Committee for a Responsible Federal Budget (CRFB) finds that repealing the law’s spending on providing coverage would save $1.55 trillion, but that would be canceled out by repealing $800 billion in tax increases and $1.1 trillion in Medicare and other cuts.

Jan 4, 2017|http://www.naplesnews.com/story/news/politics/2017/01/04/us-rep-mario-diaz-balart-says-repealing-obamacare-help-economy/96168652/

U.S. Rep. Mario Diaz-Balart says repealing Obamacare will help the economy

The nonpartisan Congressional Budget Office projected in 2015 that federal deficits over the next decade could increase by as much as $353 billion over the next decade if the Affordable Care Act was completely repealed because the revenue the law generates in Medicare cuts and tax increases is more than the money it spends to expand health coverage. The Committee for a Responsible Federal Budget issued a similar analysis Wednesday.

Jan 4, 2017|Becker’s Hospital View

CRFB analysis: Full ACA repeal could cost up to $350 billion

The latest analysis from the bipartisan Committee for a Responsible Federal Budget suggests repealing the entire ACA could cost anywhere from $150 billion to $350 billion by the end of 2027, depending on the calculation methods used. This estimate is down from a previous CRFB analysis that put the cost of a full repeal at nearly $500 billion by 2026. The CRFB adjusted its analysis down largely because of recent premium hikes, according to the report.

Jan 4, 2017|KTHV

Healthcare fight begins as Democrats claim GOP wants to 'Make America Sick Again'

A full repeal of Obamacare would cost $350 billion over the next decade, according to a new analysis from the bipartisan Committee for a Responsible Federal Budget. 

Jan 3, 2017|Roll Call

Lawmakers Return to Mounting Trump Contradictions Ahead of Inauguration

The nonpartisan Committee for a Responsible Federal Budget has concluded that the president-elect’s proposals “would increase the debt by $5.3 trillion.” What’s more, the group also found that under Trump’s set of plans, “debt would rise to … 105 percent” of GDP within a decade. 

Jan 3, 2017|Arizona Republic

Stock rally anticipates tax, other changes in 2017

The flip side of proposed tax cuts is that federal deficit spending, already on the rise again, could worsen if less revenue comes in. The $587 billion federal deficit amassed in fiscal 2016 could widen to $1 trillion annually by 2024, warns the Committee for a Responsible Federal Budget. 

Jan 2, 2017|Military Times

Trump's first military budget will reveal what's in store for the next 4 years

By some estimates, Trump's long-term plans could see the active-duty force grow by almost another 140,000 personnel. Some observers have called such plans prohibitively expensive. The National Taxpayers Union Foundation, for instance, estimates — at minimum — those plans will require an annual defense spending boost of 3 percent. The Committee for a Responsible Federal Budget has pegged the cost at an additional $150 billion in coming years. 

Dec 31, 2016|The Columbus Dispatch

Editorial: Try fiscal reality for a change

For 35 years, the nonpartisan, nonprofit Committee for a Responsible Federal Budget has been promoting fiscal sanity in the nation’s capital,..Its latest report, called “2016 Fiscal Follies and Reasons for Hope,” illustrates why the nation’> > > > s fiscal problem is so intractable, and how it might improve.

Dec 28, 2016|Benefits Pro

Will Social Security get any play on Capitol Hill in 2017?

This summer, the Save Our Social Security Act was introduced by a coalition of five Republicans and one Democrat. The U.S. Chamber of Commerce and the Committee for a Responsible Federal Budget, a non-partisan think tank, heralded the legislation as a common sense approach to reform.

It included measures both favored and abhorred by the right and the left—increasing the payroll tax threshold, increasing the retirement age, means-testing benefits for the wealthy and increasing benefits for the country’s most vulnerable.

Dec 28, 2016|FxStreet

Impact of a Trump administration on growth is uncertain

Trump is willing to cut corporate taxes and income tax, which should bring relief of $4,500bn or 2% of GDP over the next ten years according to the non-partisan Committee for a Responsible Federal Budget (September 2016).

Dec 27, 2016|The Columbus Dispatch

Trump’s tax plan might cause national debt to explode

The Washington-based Committee for a Responsible Federal Budget calculates that Trump’s economic plans would pile on $6 trillion in debt beyond that $9 trillion increase during the next decade. As a percentage of gross domestic product, that would rival the record debt load in the aftermath of World War II.

“On net, all the policies he has proposed move in the wrong direction on debt,” said Marc Goldwein, head of policy at the committee. “It’s not to say if we don’t act tomorrow, the economy will melt down,” Goldwein said. “It’s more like termites in your house. The house won’t collapse overnight, but its integrity will weaken.”

Dec 23, 2016|Market Watch

Here are Congress’s major deadlines to watch next year

By mid-March, the debt limit is due to be reinstated. At that time, however, the Treasury is likely to take so-called extraordinary measures to ensure the government doesn’t default. Such measures are likely to be exhausted sometime in summer, notes the Committee for a Responsible Federal Budget.

Dec 22, 2016|The Fiscal Times

Experts Warn of a Coming Fiscal Crisis as Trump Prepares to Take Charge

The Committee for a Responsible Federal Budget calculates that when taken together, Trump’s tax and spending promises – including his pledge to boost military spending and make cuts in non-defense discretionary programs- would drive up the debt to 105 percent of GDP within a decade.

The CRFB report doesn’t account for the $1 trillion of new infrastructure spending that Trump promised during the campaign. By including that, the debt figures would go higher. However, they also do not account for increased economic growth and lower government spending.

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