The Road to Sustainable Highway Spending

The current legislation authorizing highway and mass transit spending is scheduled to expire at the end of May, and only a few months later the Highway Trust Fund will run out of reserves. Extending the life of the trust fund through the end of the year will require $11 billion, and extending it for a decade will require nearly $175 billion. CRFB’s plan, The Road to Sustainable Highway Spending, would encourage the passage of tax reform while also ensuring the Highway Trust Fund remains adequately funded regardless of tax reform’s fate.

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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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We're Hiring

We currently have six job openings including communications director, legislative director, policy writer, 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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Fiscal Speed Bumps: Congress's Foot is on the Gas Pedal

 Congress sped through this year's second and third "Fiscal Speed Bumps" in March, ignoring the return of the statutory debt limit and hurrying through a fiscally irresponsible, though permanent, solution to the expiration of the Medicare "doc fix." We've updated our Speed Bumps graphic, below, showing lawmakers barreling full speed to the end of May when the Highway Trust Fund will run out of money.

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CRFB's Blog: The Bottom Line

This week, Representatives John Carney (D-DE) and Jim Renacci (R-OH) introduced a bipartisan bill to improve the budget process. The Budget Integrity Act of 2015 contains many changes similar to the recommendations we have made in our Better Budget Process Initiative papers Improving Focus on the Long Term and Improving the Debt Limit.

Earlier this week, Senate Budget Committee Ranking Member Bernie Sanders (I-VT) introduced the Medicaid Generic Drug Price Fairness Act, a bill designed to constrain the growth of Medicaid generic drug spending. The bill, which has also been introduced in the House by Rep. Elijah Cummings (D-MD), is a reprise of similar legislation introduced in the last Congress.

The appropriations process is in full swing on Capitol Hill. The budget conference agreement laying out the topline spending levels, known as 302(a) allocations, passed the House by a vote of 226-197, and passed the Senate by a vote of 51-48. As we noted, the House has already moved to floor consideration of some bills, while the Senate is holding hearings and markups. 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.

The table below shows the status of each appropriations bill. To learn more about the appropriations process, read our report: Appropriations 101.

May 21, 2015

Marc Goldwein is the Senior Vice President and Senior Policy Director of the Committee for a Responsible Federal Budget. He wrote a guest post that appeared on the RealClearPolicy blog. It is reposted here.

 
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 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.

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.