Ryan Releases FY 2015 Budget

    CRFB Breaks Down the Tax Extenders

    Actually, the SGR Has Reduced Health Care Cost Growth

    Chartbook: Avoiding Budget Gimmicks

Ryan Releases FY 2015 Budget

This morning, House Budget Committee Chairman Ryan released his FY 2015 budget, outlining priorities for the upcoming year and the coming decade. CRFB has responded with an overview of the budget, took a look at spending and revenue in the plan, and detailed what additional steps Ryan had to take to balance the budget. 

 

Be sure to stay tuned as we provide further analysis of the Ryan budget and other FY 2015 developments.

CRFB Breaks Down the Tax Extenders

 We continue our "Tax Break-Down" series, which explains and examines tax provisions under discussion in tax reform. We examine the tax extenders, the set of over 50 tax breaks that expired at the end of 2013. We present the arguments for and against the extenders, the merit of annually renewing them, and their role in driving the federal debt.

Actually, the SGR Has Reduced Health Care Cost Growth

Congress must pass a "doc fix" by the end of the month to avoid a 24% cut in physician payments on April 1. A bipartisan proposal would replace the cuts, but 3 of the 4 proposals to pay for it would increase the debt. In an analysis, we describe how past doc fixes have been offset 98% of the time since 2004, leading to $140 billion in deficit reduction, or see our other other doc fix blogs.

 

Chartbook: Avoiding Budget Gimmicks

 

Despite the dismal fiscal picture, Congress may be considering measures to worsen the deficit, and covering their tracks with so-called "budget gimmicks." This chartbook, "Avoiding Budget Gimmicks," explains and illustrates several of the tricks that policymakers may use. See our chartbook or read the explanation in our blog: Everything You Needed To Know About Budget Gimmicks, in 8 Charts.

CRFB's Blog: The Bottom Line

In the Wall Street Journal today, Chris Chocola of the right-leaning Club for Growth called for Congress not to renew the expired "tax extenders." Earlier this month, the Senate Finance Committee advanced legislation to reinstate more than 50 of these provisions, at a cost of $85 billion.
April 16, 2014
But Doc Fix Cost Jumps 18%
One of the notable changes in Congressional Budget Office’s (CBO) latest budget baseline was a downward revision in projected Medicare spending from their last forecast in February. CBO now estimates that Medicare spending net of offsetting receipts for the 2015-2024 period will be approximately $106 billion lower than what the agency projected back in February.
In honor of tax day, CRFB released its Tax Day 2014 chartbook yesterday, with ten charts (and one table) that explain federal taxes – who pays them, what they pay for, and how they are collected.
April 15, 2014
Happy Tax Day! CRFB has produced a number of analyses and blog posts on tax issues since last year's filing deadline, from our report on House Ways & Means Chairman Dave Camp's Tax Reform Act of 2014, to our recent work analyzing the costs of the tax extenders. Here are just a few of our most recent blog posts on tax issues:
 
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.
September 27, 2011
If you've ever wanted to design your own corporate tax reform, now you can with our new Interactive Tax Reform Calculator. There is no question that the U.S. corporate tax system is badly in need of reform, and leaders in both parties have been pursuing this goal.

CRFB Projects

The Campaign to Fix the Debt is an unprecended 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.

The Moment of Truth (MOT) project is a non-profit, non-partisan effort that seeks to foster honest discussion about the nation’s fiscal challenges, the difficult choices that must be made to solve them, and the potential for bipartisan compromise that can move the debate forward and set our country on a sustainable path.