Committee for a Responsible Federal Budget

Media Coverage

Mar 20, 2017|The Hill

Overnight Finance: Biz groups endorse Trump's Labor pick | New CBO score coming before health bill vote | Lawmakers push back on public broadcasting cuts

The House bill to repeal and replace ObamaCare would reduce the federal deficit by about $2 trillion over 20 years, according to a rough estimate released Monday by the Committee for a Responsible Federal Budget (CRFB).

Mar 20, 2017|Vox

4 key policy changes in Paul Ryan’s revised health care bill, explained

The revision nods to that Senate “Coverage Caucus” through an estimated $75 to $85 billion “reserve fund” for recipients of AHCA tax credits. It generates the revenue through changing the tax deductibility of medical expenses, according to Ed Lorenzen, an analyst at the Committee for a Responsible Federal Budget.

Mar 20, 2017|The National Interest

What Trump's Budget Reveals about His Military Strategy

But the budget doesn’t touch mandatory spending or tax revenues and looks mostly at 2018. “By focusing only on discretionary spending, this budget effectively ignores 70 percent of spending and 90 percent of its growth over the next decade,” notes the Committee for a Responsible Federal Budget. The Trump administration is also taking full advantage of Overseas Contingency Operations funds, which are excluded from fiscal caps: the administration wants $70 billion for the remainder of 2017 (a $5 billion increase), plus another $65 billion for 2018.

Mar 20, 2017|Sputnik News

Trump Cuts US Debt by $98 Bln in First Two Months as Treasuries Dip

"The massive debt is really a reflection of the unwillingness of our political leaders to make any tough decisions or deal with trade-offs," Maya MacGuineas of the Committee for a Responsible Federal Budget said. "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."

Mar 19, 2017|The Philadelphia Inquirer

Trump budget slaps his fans

Fiscal conservatives are criticizing Trump's "skinny budget" for not addressing the deficit. The Committee for a Responsible Federal Budget pointed out that the non-defense discretionary spending, which Trump wants to cut, accounts for only 15 percent of federal spending. The Concord Coalition noted that instead of saying how he will pay for the infrastructure program he has promised Trump's budget would cut regular transportation spending.

Mar 19, 2017|The Tribble Agency

Trump team claims funding climate change is “a waste of your money”

“Unfortunately, the budget does not include any proposals on mandatory spending or revenue and does not include any proposals or projections beyond 2018″, the Committee for a Responsible Federal Budget opined.

Mar 18, 2017|Townhall

Trump's Budget Turns 'Policies Into Numbers'

"Unfortunately, the budget does not include any proposals on mandatory spending or revenue and does not include any proposals or projections beyond 2018," the Committee for a Responsible Federal Budget opined. "In this sense, this budget ignores the 70 percent of spending that is responsible for 90 percent of spending growth over the next decade and tells us nothing about how the Administration will address the nation's unsustainably rising national debt."

Mar 18, 2017|Market Watch

7 reasons why Trump’s promise of 4% GDP growth won’t happen in 2017

I won’t relitigate the specifics offered up by many economists who were skeptical of Trump’s growth claims — among them the Committee for a Responsible Federal Budget, which said 4% growth “is nearly impossible to achieve over a sustained period.” The fact that politicians make almost naively optimistic commitments on the campaign trail is nothing new. And the fact that Trump lives in a warped reality all his own is pretty much the defining feature of American politics right now.

Mar 17, 2017|Think Advisor

Trump Budget ‘Not a Budget,’ Think Tank Says

OMB’s budget details the administration’s plans for defense and nondefense discretionary spending for fiscal 2018 while proposing some adjustments for the current fiscal year, as noted by the Center for a Responsible Federal Budget.

Unlike prior skinny budgets from first-year presidents, “President Trump’s budget does not include any proposed changes to mandatory spending or revenue, nor proposals and cost estimates in the years beyond 2018. By focusing only on discretionary spending, this budget effectively ignores 70% of spending and 90% of its growth over the next decade,” the Center says.

Mar 17, 2017|McClatchey DC

Trump slashes spending in first budget

This article cites CRFB president Maya MacGuineas' statement on President Trump's "Skinny Budget."

Mar 17, 2017|The Washington Post

Trump’s budget: Can he really cut federal programs that people depend on?

On this week’s episode of “Can He Do That?” The Post’s congressional reporter Kelsey Snell and I take a deep look at what it means when a president sets a budget, how this budget reflects Trump’s agenda and what we can expect as the budget process moves forward.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, explains how this complicated fiscal negotiation works.

Mar 17, 2017|The New York Times

Trump’s Budget Expands the G.O.P.’s War on Math

Mr. Trump is bound to fail to get cuts as deep as he wants. After years of trying to limit deficits by carving up the same slice of the budget pie for spending, such big whacks will be politically unpalatable even for Republicans in Congress. Already that spending portion is the smallest it has been since the government began keeping track 55 years ago, during the Kennedy administration. And as Maya MacGuineas, president of the fiscally conservative Committee for a Responsible Federal Budget, noted, the portion “is projected to grow more slowly than inflation” going forward.

Mar 16, 2017|US News and World Report

Trump’s ‘Hard Power’ Budget

The White House is set to formally release its initial budget plan on Thursday, but provided a sneak peak of its guiding principles to reporters a day early. Trump's proposal does not add to the nation's $488 billion deficit, but does nothing to reduce it, either. Additionally, it does not touch entitlements like Social Security and Medicare, commonly referred to in budgetary jargon as "non-discretionary spending" – mandatory outlays that account for over 60 percent of current spending, according to the Committee for a Responsible Federal Budget.

Mar 16, 2017|McClatchyDC

Workers over 50 face higher costs and less access under Republican health plan

Based on CBO projections, the legislation would push the trust fund into insolvency in 2023 rather than 2025, and “increase primary deficits in the trust fund by $150 billion through 2026,” according to the Committee for a Responsible Federal Budget, a nonprofit fiscal-policy organization.

Mar 16, 2017|WTVB

Trump puts the skinny in his 'skinny budget'

Maya MacGuineas, head of the Committee for a Responsible Federal Budget, said there were too few details to fully understand the larger choices ahead: "It is impossible to see the big picture when you only have a few pieces of the puzzle."

Mar 16, 2017|Fox News

EPA, State Department prepare for cuts under Trump's budget, report says

Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, told Reuters that Trump’s budget is unusually skinny, possibly “emaciated.”

Mar 16, 2017|The Hill

Experts worry ObamaCare repeal plan puts Medicare trust fund at risk

“The direction is clear,” Marc Goldwein the committee’s senior policy director told The Hill Extra. “The few years matters for timing, but what is more important is that it permanently cuts off a substantial portion of funding. It doesn’t matter what happens between now and 2025. It matters what happens between 2025 and as long as we intend to continue having Medicare.”

Mar 16, 2017|The Hill

Debt ceiling returns, creating new headache for GOP

“There’s some expenses associated with it,” said Maya MacGuineas, president of the nonpartisan debt watchdog Committee for a Responsible Federal Budget. “It’s a little ponzi scheme with government trust funds, but in the end, everyone remains whole.”

Mar 16, 2017|Financial Times

Trump’s first budget cuts EPA and state department cash

“This budget only gives us a picture of one-and-a-half years and proposes changes to the 30 per cent of spending that is discretionary,” said Maya MacGuineas, president of the non-partisan Committee for a Responsible Federal Budget.

Mar 16, 2017|Financial Times

Trump unveils deep cuts to Environment and State Dept to fund defence

“This budget only gives us a picture of one and a half years and proposes changes to the 30 percent of spending that is discretionary,” said Maya MacGuineas, President of the non-partisan Committee for a Responsible Federal Budget.

Mar 16, 2017|Reuters

Trump puts the skinny in his 'skinny budget'

Maya MacGuineas, head of the Committee for a Responsible Federal Budget, said there were too few details to fully understand the larger choices ahead: "It is impossible to see the big picture when you only have a few pieces of the puzzle."

Mar 16, 2017|The Atlantic

Why Sequestration Is Poised to Kill Trump's Budget

Trump has proposed eliminating the defense sequestration cap, and his budget seems to suggest setting a single defense and nondefense cap. “My understanding of what the White House is actually proposing is to replace the separate caps on defense and nondefense spending with one cap on total discretionary spending,” Ed Lorenzen, a budget expert at the Committee for a Responsible Federal Budget, told me. But to do so would require Democratic votes.

Mar 16, 2017|The Washington Post

Trump checked on many fronts

Even the Committee for a Responsible Federal Budget was harsh in pointing out the budget lacked specificity on tax reform, infrastructure and entitlements (“which are the largest drivers of the debt and must be addressed”):

Mar 16, 2017|Reuters

Trump budget plan to propose major cuts for foreign aid, EPA - source

"This one appears as though it will be one of the skinniest budgets of recent memory. Possibly emaciated," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget.

Mar 16, 2017|NBC News

Trump Budget Proposes Cuts to State and EPA, Boosts for Defense and Wall

CRFB President Maya MacGuineas appeared on NBC Nightly News with Lester Holt to discuss President Trump's "Skinny Budget."

Mar 16, 2017|Fox News

Are government leaders turning a blind eye toward debt?

CRFB president Maya MacGuineas and CRFB board member Alice Rivlin appear on Special Report with Bret Baier to discuss the debt limit.

Mar 16, 2017|CNN Money

Trump budget bemoans $20 trillion debt but does bupkus about it

"All of the cuts come from a shrinking slice of the pie: nondefense discretionary spending, which accounts for only 15% of all federal spending and 5% of projected spending growth over the next ten years. Such aggressive domestic discretionary cuts will be hard to sustain given that this area of the budget has already undergone large cuts and is projected to grow more slowly than inflation," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget.

Mar 16, 2017|USA Today

Trump's budget blueprint faces heavy opposition

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, noted that discretionary spending is only 30% of the overall budget, and the Trump plan only covers spending for next year and a half.

"We need 100% of a plan for 10 years," she said, "not 30% of a plan for just more than one year."

Mar 16, 2017|Modern Healthcare

GOP faces major hurdles in reducing repeal bill's coverage losses

Depending on how much more generous they decide to make the tax credits for low-income people, it may be possible to partially or entirely offset those increased costs by lowering the income limit,” said Ed Lorenzen, senior adviser at the Committee for a Responsible Federal Budget.

Mar 16, 2017|Modern Healthcare

GOP faces major hurdles in reducing repeal bill's coverage losses

Depending on how much more generous they decide to make the tax credits for low-income people, it may be possible to partially or entirely offset those increased costs by lowering the income limit,” said Ed Lorenzen, senior adviser at the Committee for a Responsible Federal Budget.

Mitigating the coverage losses from the bill's repeal of Medicaid expansion funding and its cap on federal Medicaid payments to the states will be tougher. Many Republican governors and senators would like to extend the ACA's Medicaid expansion to low-income adults or make it permanent.

Phasing out the Medicaid expansion funding would cause about nine million of the 24 million total coverage loss, according to an analysis by the Committee for a Responsible Federal Budget.

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