Committee for a Responsible Federal Budget

Media Coverage

Mar 23, 2017|USA Today

Why Republicans can't put everything they want in their health care bill

While some provisions might not directly affect federal spending, they could have a large enough indirect effect that they would be allowed. For example, repealing what benefits insurance companies have to include would make plans cheaper, which could prompt more people to buy insurance with the help of the bill’s tax credits. That would mean the cost of the bill would go up.
 

So while the parliamentarian is guided by past rulings, there’s still a lot of gray area, said Ed Lorenzen, a budget expert at the nonpartisan Committee for a Responsible Federal Budget.

“On a lot of places, it is a matter of a balancing test,” Lorenzen said. “The big issue is going to be, are the budgetary effects merely incidental to the provision?”

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 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|NBC News

Trump Budget Proposes Cuts to State and EPA, Boosts for Defense and Wall

CRFB President Maya MacGuineas appeared on NBC Nightly News with Lester Holt to discuss President Trump's "Skinny Budget."

Mar 23, 2017|Market Watch

Here’s how Republicans could get another shot at health care and taxes

So a new resolution could be the Republicans’ ticket to a fresh crack at health care and tax reform. As Ed Lorenzen of the Committee for a Responsible Federal Budget explains, such resolutions are supposed to pass in the spring before a fiscal year begins. That means now, since fiscal 2018 begins Oct. 1.

“The window is closing, in that they can’t really even start the process on tax reform until they pass a new budget resolution,” Lorenzen said.

Mar 23, 2017|Axios

Vitals

On the bright side for conservatives, the Committee for a Responsible Federal Budget concludes that the bill could save $2 trillion over two decades.

Mar 23, 2017|Exit Event

Survey: How Will Health Care Policy Impact Entrepreneurs?

Tax cuts, for medical device companies and wealthy Americans—Part of Obamacare’s funding came from increased tax rates for Americans with incomes greater than $250,000, insurance companies and medical device companies. Under Obamacare, a 2.3 percent tax was added to all medical device sales. Under the AHCA, this tax would be repealed. The Committee for a Responsible Federal Budget estimates that tax cuts total $594 billion.

Mar 23, 2017|Politico

Trump's Obamacare repeal concessions likely can't pass Senate

Republicans would also face a problem if there are so many Byrd violations that the parliamentarian rules that the whole bill is invalid.

"It’s sort of a weighing test of [whether] a reconciliation bill is weighed down with a large number of rule violations," said Ed Lorenzen, senior adviser at the Committee for a Responsible Federal Budget. "But that’s not [just] one or two violations, that presumably is in the category of multiple violations."

Mar 23, 2017|Fortune

The Ultimate Cheat Sheet for Trump’s Health Care Bill Vote

But in a recent study, the non-partisan Committee for a Responsible Federal Budget did just that. The findings are a vote for the AHCA's fiscal prudence. According to the CRFB, the new law would lower deficits from 2027 to 2036 by over $1.6 trillion, for total savings of $2.4 trillion over 20 years, including foregone interest.

Mar 22, 2017|Vox

The latest health care cut Republicans are weighing, explained

“I wouldn’t think [this would pass Byrd Rule muster],” says Marc Goldwein, a budget expert at the Committee for a Responsible Federal Budget. But, he adds, if they can justify changing regulations to allow higher premiums on older customers (an existing provision in the law), “who knows.”

Ed Lorenzen, a CRFB colleague of Goldwein’s and a budget procedure expert, adds, “I don't think it [could survive the Byrd Rule], and most people I talk to don't think so, but there are smart Republicans who used to work in the Senate who think it could, including some who work at the White House.”

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 Concord Register

Trump slashes spending in first budget

“Missing from this budget are initiatives the president has publicly highlighted like tax reform and infrastructure that could profoundly affect the government’s finances, and mandatory spending on entitlement programs, which are the largest drivers of the debt and must be addressed,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget.

Mar 21, 2017|The Fiscal Times

GOP Health Plan Reduces the Federal Deficit by $2.4 Trillion Over Two Decades

While the CBO  analyzed the proposed American Health Care Act (AHCA) through the prism of a ten-year budget window, a new analysis by the Committee for a Responsible Federal Budget concluded that the Republican plan – for all its many flaws – would reduce the federal deficit by a net $2.4 trillion over a 20-year period.

Mar 21, 2017|American Action Forum

The Daily Dish

A new report released this week by the nonpartisan Committee for a Responsible Federal Budget (CRFB) found that the Affordable Health Care Act (AHCA) would reduce the federal deficit by $2 trillion over the course of 20 years. The Congressional Budget Office (CBO) previously stated that the AHCA would produce close to $337 billion in savings over the next ten years, but the CBO has yet to release findings on what happens after the 10 year mark outside of saying that the AHCA would not increase the deficit. The AHCA has the support of both the White House and House GOP leadership.

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|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 Des Moines Register

Maya MacGuineas and Robert L. Bixby: Trump's "skinny budget" gets an incomplete

Maya MacGuineas, president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt, and Robert L. Bixby, executive director of the Concord Coalition, wrote an op-ed over Trump's "skinny budget" that appeared in The Des Moines Register.

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 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|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|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|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|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 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|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 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|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.

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