Fiscal FactCheck on Sanders' Analysis Cited by CNN

In the April 14 debate, CNN's Wolf Blitzer cited our analysis when asking Bernie Sanders about his plan to increase spending by up to $28 trillion and the national debt by up to $15 trillion. That plan would increase the debt to between 93 and 139 percent of GDP.

 

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How Much Will Government Spend Under the Next President?

One interesting metric of any budget plan is how much it would increase or reduce federal spending. According to our latest estimates, all candidates but one – based on the policies they have released so far – would actually increase government spending above current law levels over the next decade.

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An Analyis of Trump's Health Care Plan

Republican presidential candidate Donald Trump recently released a plan to repeal and replace the Affordable Care Act. Our new analysis shows the plan would cost between $270 billion and nearly $500 billion and double the number of uninsured. The plan also transforms Medicaid into a block grant, which we could not measure. 

 

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Fiscal FactCheck: Adding Up the Cruz Campaign’s Proposals

Republican presidential candidate Senator Ted Cruz has, by our count, put forward seven sets of policy proposals on his campaign website covering areas such as immigration, military spending, and tax reform. By our very rough and initial estimates, these major initiatives could add anywhere from $3 to $21 trillion to the debt over the next decade, with our central cost estimate being that they would add $12.3 trillion to the debt, including interest.

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CRFB's Blog: The Bottom Line

Social Security is a vital program for tens of millions of people. Unfortunately, the program is on a fiscally irresponsible path towards insolvency by as soon as 2034. There is not enough discussion among policymakers to bring this program back to its solvency. Instead, discussion perpetuates many myths about the program. Yesterday, CRFB released a new report on the “Nine Social Security Myths You Shouldn’t Believe,” which aims to provoke conversation about the truths of Social Security.

As part of our Better Budget Process Initiative, the Committee for a Responsible Federal Budget recently hosted a briefing on Capitol Hill called “Fixing the Budget Process.” The event featured remarks from the House Budget Committee Chairman Tom Price (R-GA) and a panel of experts made up of Maya MacGuineas, president of the Committee for a Responsible Federal Budget; Paul Posner, former federal budget managing director at the Government Accountability Office; Dr. Stuart Butler, senior fellow in economic studies at the Brookings Institute; and Dr. Marvin Phaup, public policy & public administration professor at The George Washington University. The event was moderated by Kelsey Snell, a reporter for The Washington Post. It aired live on C-SPAN and can be viewed here.

The Committee for a Responsible Federal Budget has been mentioned by name in three presidential debates over the past few months. This is a good sign that fiscal responsibility is an important issue to the viewers of these debates, and we hope the candidates will take note by presenting clearer plans for bringing the debt on a downward sustainable path.

Today is Tax Day! Our partners at Fix the Debt have republished their annual chartbook to explain federal taxes – who pays them, what they pay for, and how they are collected. Our tax system has over $1 trillion annually in tax expenditures – deductions, credits, and exclusions that largely benefit the wealthy and distort economic decision making.  Fundamental tax reform that reduces these expenditures could simplify the tax code, encourage growth and raise revenue. We've highlighted a few of the charts below.

 
August 6, 2015
Too often, election campaigns tell voters what they want to hear rather than what they need to know. That's why Fiscal FactCheck evaluates statements made by the 2016 presidential candidates. We also provide a nonpartisan explanation of many of their policies, and tally the fiscal effects of the candidates' plans.
June 4, 2013
CRFB's latest interactive tool "The Reformer" is a handy game that allows users to design their own Social Security plan. Users can select from a wide variety of benefit and revenue changes to make the system sustainably solvent. The tool then shows the effect on the program's finances and benefit and tax levels.

Join Our Team!

Current job opportunities at the Committee for a Responsible Federal Budget include:

  • Deputy Policy Director
  • Director of the Fiscal Institute

Learn more

CRFB Projects

The McCrery-Pomeroy SSDI Solutions Initiative is dedicated to identifying practical improvements to the Social Security Disability Insurance (SSDI) program. The SSDI Solutions Initiative is calling for academic papers on innovative ways to make the SSDI program better serve workers with disabilities, those who pay into the program, and the economy as a whole.

The Campaign to Fix the Debt is an unprecedented and bipartisan coalition that seeks to mobilize members of business, government, and policy communities to urge Congress and the President to enact a comprehensive debt deal.

There is a growing consensus that the budget process is broken. The Better Budget Process Initiative will put forward specific options to reform and improve the budget process in a wide range of areas, including increasing focus on the long-term fiscal outlook, improving the process for dealing with the debt limit, strengthening statutory budget enforcement, revising the content and structure of the budget resolution, moving to biennial budgeting, and addressing treatment of tax expenditures in the budget process.