Committee for a Responsible Federal Budget

Media Coverage

Mar 21, 2017|The Herald and News

Trump's budget turns his proposed policies into some actual 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 21, 2017|The Westerly Sun

Will proposed health plan prove a bitter pill for Trump backers?

As the Economist reported, this is the sort of redistributive economics that is anathema to the party of small government. The Committee For a Responsible Federal Budget reported that Trumpcare would give the richest Americans, the top .1 percent, a tax cut of $165,000.

Mar 21, 2017|The Lubbock Avalanche-Journal

Dark message of Trump’s budget

None of this would be in the service of fiscal responsibility — say, to make a dent in the national debt, which the budget’s introduction describes as “a crisis.” In fact, notes the Committee for a Responsible Federal Budget, the administration’s proposed increases in the current fiscal year would add $15 billion to the deficit to fund military operations and begin building a border wall — assuming, of course, that a reimbursement from Mexico isn’t in the mail.

Mar 21, 2017|Bloomberg Politics

Trump Says GOP Must Pass Health Bill or Risk Losing Seats

"I think this reduces total deficit reduction somewhere in the range of $150 billion, leaving less than $200 billion in deficit reduction," Committee for a Responsible Federal Budget scholar Ed Lorenzen said.

Mar 21, 2017|Bloomberg BNA

Changes to ACA Repeal to Slice Deficit Reduction in Half: Group

After touting the Affordable Care Act repeal bill’s projected deficit reduction, Republicans may have less to crow about in the bill’s revised form, at least according to one bipartisan deficit hawk group.

The Committee for a Responsible Federal Budget said in a blog post Tuesday the proposed changes to the ACA repeal bill would likely cut its deficit reduction in half in the first 10 years and by a larger proportion in the second ten years.

Mar 21, 2017|Money Magazine

This New Tweak to the GOP Health Care Bill Will Make Medicare Less Stable

Monday’s changes would repeal this tax this year instead of in 2018 as originally proposed in the American Health Care Act, leading to about $10 billion of lost revenue, according to Marc Goldwein, senior policy director for the Committee for a Responsible Federal Budget. The change would appear to be retroactive to Jan. 1, 2017, although the manager's amendment, as the changes are known, does not give an exact effective date.

Mar 21, 2017|The Fiscal Times

Budget Group Says Changes to AHCA Negate Half of Deficit Savings

In a blog post on Tuesday, the Committee for a Responsible Federal Budget said that a rough analysis of two Manager’s Amendments to the bill, which began circulating Monday night and outlined various proposed changes, would slash the bill’s impact on the deficit by up to fifty percent.

Mar 21, 2017|Politifact

Only the wealthiest would get $600 billion in tax breaks from 'Trumpcare' replacement for Obamacare?

To evaluate Pocan’s characterization of the $600 billion, we relied on analyses done by two expert nonprofit organizations -- the Committee for a Responsible Federal Budget and the Tax Policy Center.
Mar 21, 2017|Dayton Daily News

Trump to Congress: Pass health plan or risk loss in 2018

Ryan’s revisions are likely to reduce the deficit reduction figures projected last week by the Congressional Budget Office. The CBO said the bill would reduce the deficit by $337 billion during the next decade.

“There are a lot of moving pieces here,” said Marc Goldwein, head of policy at the Committee for a Responsible Federal Budget. “But it looks like the deficit reduction will be cut roughly in half.”

Mar 21, 2017|The Daily World

Trump tells GOP: Support this health bill or lose your seats

The new legislation would also repeal the Affordable Care Act taxes this year instead of in 2018, with most of the tax benefits going to wealthy individuals. Doing so would forego an estimated $40 billion in lost tax revenue, said Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget.

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 20, 2017|Click Lancashire

Medicaid funds critical care for the most vulnerable

Maya Macguineas, president at Committee for a Responsible Federal Budget, talks about costs associated with the American Health Care Act and how that plays into the budget presented by President Donald Trump. However, more alterations could very well occur between now and next week.

Mar 20, 2017|The Hill

Budget group: GOP healthcare bill would reduce deficit by $2T over 20 years

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|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|The Government Executive

Trump Budget Would Abolish 19 Agencies, Cut Thousands of Federal Jobs

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said, “We understand that the new administration needs time to develop its comprehensive budget plan, but there is too little information and too few details to evaluate the budget.” While applauding the Trump plan to offset spending hikes in fiscal 2018, she warned that debt and deficits would continue to rise. And “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,” she said.

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|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 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 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.”

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