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We currently have five job openings including communications director, legislative director, and policy anaylst. Those who are interested can visit our jobs page for a detailed description of each position's responsibilities and qualifications.

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Report: The 2015 CBO Long-Term Budget Outlook

The Congressional Budget Office (CBO) released its 2015 Long-Term Budget Outlook, showing a clearly unsustainable long-term path for debt. The featured projections go out 25 years, building off of their more frequently released 10-year projections, and the further they go out, the worse the fiscal picture gets.

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Congress, Watch Out for These Budget Gimmicks

Over the past few years, we have seen many attempts by lawmakers to wriggle out of budgetary discipline by resorting to budget gimmicks. A new CRFB chartbook and one-pager highlight many of these gimmicks, including when they have been used and just how they work. The one-pager, in particular, focuses on four of the most-frequently used gimmicks in recent years.

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Appropriations Watch: FY 2016

The appropriations process is in full swing on Capitol Hill.  As we did last year, we'll be tracking the bills as they move from committee to the House and Senate floor, and on to the President's desk. This blog shows the status of each appropriations bill. To learn more about the appropriations process, read our report: Appropriations 101.

 

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CRFB's Blog: The Bottom Line

July 2, 2015
From the Tax Policy Center and Senators Whitehouse and Schatz

The Tax Policy Center (TPC) recently released a primer on carbon taxes. The report outlines how the construction of a carbon tax matters for its efficacy in reducing emissions, overall impact on economic well-being and distributional impact. Particular focus is given to analyzing the potential winners and losers under a carbon pricing regime and how the revenue generated by the tax can be used to alter these effects.

In related news, Senators Sheldon Whitehouse (D-RI) and Brian Schatz (D-HI) recently introduced a new bill to impose a carbon tax starting in 2016. The American Opportunity Carbon Fee Act aims to lower US carbon emissions by at least 40 percent by 2025 compared to 2005 levels. The bill would be revenue-neutral, using all of the proceeds from the tax to lower taxes in a variety of ways and provide grants to states.

The Congressional Budget Office (CBO) has released new estimates of the cost of climate change, specifically as it relates to hurricanes. The report forecasts hurricane damage in 2075 to cost an expected $156 billion in today's dollars, more than five times larger than costs under current climate conditions. Hurricane damage in 2075 is forecasted to cost between $104 billion and $226 billion annually, four to eight times larger than under current conditions.

July 1, 2015
The First in a Series of Issue Briefs on the SSDI Program

In advance of the August 4th SSDI Solutions Conference, the McCrery-Pomeroy SSDI Solutions Initiative has released a short primer to kick off its new issue brief series. The series will provide basic explanations on how the Social Security Disability Insurance (SSDI) program functions with issue briefs based on the program basics, the determination process, program financing, program demographics, and demonstration projects that have been piloted in the past.

Ways and Means Ranking Member Sander Levin (D-MI) and Senator Tammy Baldwin (D-WI) have introduced a bill to close a well-known tax loophole that allows investment and private equity fund managers to pay a lower rate on their taxes. The Carried Interest Fairness Act would close a loophole allowing fund managers to classify their income as long-term capital gains, which is taxed at a top rate of 20 percent, instead of wage income, which is taxed at a top rate of 39.6 percent

 
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.

Join Our Team!

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

  • Director of the Fiscal Institute
  • Legislative Director
  • Communications Director
  • Policy Analyst

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.