Committee for a Responsible Federal Budget

Media Coverage

Oct 4, 2016|Associated Press

AP FACT CHECK: Pence on National Debt

Would Clinton similarly increase the debt? Not according to an analysis by the independent Committee for a Responsible Federal Budget. The Clinton plan with its tax increases would increase the gross debt — both privately and publicly held— by $450 billion over 10 years. Mind you, that is on top of an $8.8 trillion increase already projected by the government under current law. As for Trump, the committee says his tax-cut-heavy plan would increase the gross debt by $4.3 trillion —nearly 10 times more than Clinton's plan would do.

Oct 4, 2016|CNN

Kaine, Pence debate: CNN's Reality Check Team vets the claims

The Committee for a Responsible Federal Budget, a bipartisan think tank, estimates Trump's plan would add $5.3 trillion to the national debt in the first decade. In contrast, Clinton has proposed increasing government spending, but also hiking taxes on the wealthy. The result, according to the CRFB, would be a much smaller increase in the national debt -- $200 billion.

Oct 4, 2016|CBS News

2016 Vice Presidential Debate Part 4: Social Security

Senator Kaine, on the issue of Social Security, in 18 years, when the Social Security Trust Funds run out of money, you’ll be 76. The Committee for a Responsible Federal Budget estimates your benefits could be cut by as much as $7,500 per year. What would your administration do to prevent this cut?

Oct 4, 2016|Fox News

Part 2 of vice presidential debate at Longwood University

According to the nonpartisan Committee for a Responsible Federal Budget, neither of your economic plans will reduce the growing $19 trillion gross national debt. In fact, your plans would add even more to it. Both of you were governors who balanced state budgets. Are you concerned that adding more to the debt could be disastrous for the country. Governor Pence?

Oct 3, 2016|Vox

Donald Trump's tax plan makes impossible promises. This cartoon explains

We expect conservative nominees to propose tax cuts and spending cuts, and those two things are usually somewhat proportional. But even the revision of Trump's plan is not really feasible, unless he wants to balloon the national debt by $5.3 trillion. To be clear, Hillary Clinton's plan would also add to the national debt — but only by $200 billion, according to ananalysis by the Committee for a Responsible Federal Budget.

Oct 3, 2016|The Guardian

Back to the future: economy becomes battle between Reagan and Bill Clinton

According to his advisers, the theory – ridiculed by Hillary Clinton as “Trumped-up trickle down” – harks back to the 1980s, when Ronald Reagan sought to stimulate wealth creation with tax cuts. Yet new analysis by an independent Washington thinktank, the Committee for a Responsible Federal Budget, estimates that if Trump’s proposed tax cuts did not bring about the promised Reagan-style boom, they would risk adding $5.3tn to the national debt.

Oct 3, 2016|Philadelphia Inquirer

The White House race that got displaced

Imagine Hillary pressed on findings of the independent, bipartisan Committee for a Responsible Federal Budget that say her spending plan adds $200 billion to the national debt (the committee says Trump's adds much more) despite her proposed higher taxes on business and the wealthy or how she'd get such taxes through a likely GOP Congress.

Oct 3, 2016|Minneapolis Star-Tribune

Responsible budget committee fears presidential campaigns are ignoring national debt

Donald Trump’s economic plan could add $5 trillion to the national debt in the next 10 years and few seem to notice except the Committee for a Responsible Federal Budget (CRFB).

Oct 2, 2016|The Washington Post

Trump’s BFF: Rosy Scenario

What’s also forgotten is that both Trump’s and Hillary Clinton’s programs accept the deficits of existing policies. That’s about $8 trillion over a decade. Clinton’s proposals would also add to these, but much less than Trump’s. The nonpartisan Committee for a Responsible Federal Budget estimates that Clinton’s policies would increase the debt by about $200 billion above existing deficits for the decade.

Oct 2, 2016|San Antonio Express-News

Why the U.S. economy isn’t quite the weakling Trump says it is

The Committee for a Responsible Federal Budget estimates that Trump’s proposals would add $5.3 trillion to the federal debt over the next decade, versus $200 billion for Hillary Clinton’s plans.

Oct 2, 2016|Reason

Donald Trump's Billion-Dollar Tax Loss Is a Diversion From More-Serious Matters

According to the latest numbers from theCommittee for a Responsible Federal Budget, Hillary Clinton would hike spending and taxes over the next decade from its already-upward trajectory and historically high levels, while Trump would reduce expected increases in spending but slash tax revenues by far more (thus resulting in yet-bigger deficits).

Oct 2, 2016|Wichita Eagle

Debate barely mentioned debt

Clinton’s proposals are less irresponsible. All total, her tax and spending plans are projected to increase the national debt by about $200 billion over 10 years, according to the nonpartisan Committee for a Responsible Federal Budget. In contrast, Trump’s tax cuts and other budget plans are projected to increase the debt by $5.3 trillion over 10 years, according to CRFB.

 

Oct 1, 2016|Observer-Reporter

The national debt is not as scary as it seems

A report released last week by the nonpartisan Committee for a Responsible Federal Budget found, if his proposals were enacted, they would increase the debt by $5 trillion – considerably more than the $1.6 trillion Hillary Clinton’s agenda would tack on to the debt.

Oct 1, 2016|Business Insider

Hillary Clinton has a plan to make college debt free — here's how

The plan does indicate that it will be funded by closing loopholes. The Committee for a Responsible Federal Budget, an independent, nonpartisan nonprofit organization has found that the plan could be funded this way.

Sep 30, 2016|C-SPAN

Maya MacGuineas on C-SPAN: Federal Budget and Campaign 2016

"Our debt as a share of the economy is 75% of GDP – that is the highest it has been since we came out of World War II. Debt levels this high have really damaging effects on the overall ecoomy. They slow the growth of our economy. That means they slow wages, they slow the standard of living and leave the economy in a worse situation for the next generation." – Maya MacGuineas 

Sep 30, 2016|GoBanking Rates

How Donald Trump’s Tax Plan Could Cost Trillions

Recently, Trump spelled out new child care initiatives. Trump’s proposal would expand tax breaks for the costs of child care and care of elderly parents. Lower-income families who might not profit from the tax break could benefit from added rebates through the Earned Income Tax Credit. Additionally, businesses could deduct the cost of child care employee benefits. The Committee for a Responsible Federal Budget said this individual proposal is projected to cost $550 billion. Further, the partially paid maternity leave segment of Donald Trump’s tax proposal adds a cost of $500 billion.

Sep 30, 2016|The Fiscal Times

Both Trump and Clinton Would Drive the Federal Budget off a Cliff

A new analysis of the major party candidates’ tax and spending plans by the Committee for a Responsible Federal Budget shows that Republican Donald Trump and Hillary Clinton are both advocating policies that would drive the federal budget off a cliff. The CRFB, a non-partisan group that advocates fiscally sound budgeting, ran the numbers on the most recent version of each candidate’s economic policy proposals, and in a conference call on Friday, Senior Vice President and Senior Policy Director Marc Goldwein provided some analysis.

“I have to say, the candidates could not really be more different,” he said. “Hillary Clinton’s basic economic philosophy is to increase government spending substantially, mostly for young adults and parents, and pay for it with large tax increases on mostly the very reach and to some degree on businesses.”

Sep 29, 2016|CNBC

CNBC Interview with Maya MacGuineas: No debt plan in sight

Neither candidate has a plan that will put a single penny towards slowing the growth of debt, says Maya MacGuineas, Committee for a Responsible Federal Budget, discussing the country's significant fiscal challenges.

Sep 29, 2016|The Hill

Clinton touts ObamaCare improvements in journal article

A study from the Committee for a Responsible Federal Budget found that Trump’s healthcare plan would cause 21 million people to lose coverage by repealing the coverage gains under ObamaCare. 

Sep 29, 2016|Bangor Daily News

Trump’s economic plan certainly won’t make America great again for workers

The bipartisan Committee for a Responsible Federal Budget has estimated that a $5.8 trillion drop in revenues over the next decade would result from the Trump tax cuts and that, despite large cuts in many agencies, the federal debt would still grow by $5.3 trillion. (This estimate doesn’t take into account Trump’s planned$500 billion investment in infrastructure.)

Sep 28, 2016|Time

Here’s What Donald Trump and Hillary Clinton’s Advisers Like About Each Others’ Plans

Speaking Wednesday in Washington, D.C. at a forum hosted by the nonpartisan Committee for a Responsible Federal Budget, Stephen Moore, the Club for Growth founder who helped Trump write his tax plan, was asked to reach across the aisle: What economic policy of Clinton’s does he admire? He pointed to her ideas to incentivize profit-sharing between businesses and their employees.

Sep 28, 2016|US News & World Report

'Disagreement in the Trump Campaign' on Economic Issues, Says Adviser

Stephen Moore, a distinguished visiting fellow at the Heritage Foundation and a former economic columnist at The Wall Street Journal, spoke at a policy debate Wednesday opposite Gene Sperling, the former director of the National Economic Council and current economic adviser to Democratic nominee Hillary Clinton. The event, organized by the Committee for a Responsible Federal Budget, allowed the advisers to square off and clarify policy details only days after their candidates took the stage during a presidential debate at Hofstra University.

Sep 28, 2016|Morning Consult

Trump, Clinton Advisers Spar About Economic Plans

As other Trump economic advisers have asserted, Moore said the growth would stem from tax cuts, regulatory overhauls and new energy policies. Trump advisers have offered no other details. Moore said Trump’s plan would offset lost revenue — which could be as high as $6 trillion — from tax cuts by closing loopholes that benefit the wealthy, at an event hosted in Washington by the Committee for a Responsible Federal Budget.

Sep 28, 2016|The Hill

Trump adviser says plan would break potential recession

Stephen Moore, a fellow at the conservative Heritage Foundation and founder of the Club for Growth, said Wednesday that Trump’s plan would grow the economy by 4 percent each year. While he ceded a recession could be unavoidable, Moore expressed confidence in Trump’s plan. “It’ll be like adding another Texas to the U.S. economy,” Moore said at a question-and-answer session hosted by the Committee for a Responsible Federal Budget (CRFB). 

Sep 28, 2016|Bloomberg

Economists Echo Trump-Clinton Debate: Whose Plan Is Better?

During an echo of this week’s much-watched presidential debate, Sperling and Moore batted that question and other policy ideas back and forth on Wednesday. Their debate was sponsored by the Committee for a Responsible Federal Budget, or CRFB, a nonpartisan policy group in Washington that analyzes proposals’ effects on the federal budget and federal deficit.

Sep 28, 2016|Associated Press

Why the US economy isn’t quite the weakling Trump says it is

The Committee for a Responsible Federal Budget estimates that Trump’s proposals would add $5.3 trillion to the federal debt over the next decade, versus $200 billion for Hillary Clinton’s plans.

Sep 28, 2016|Motley Fool

Why Millionaires Could See Their Taxes Increase in a Hillary Clinton Presidency

According to the Committee for a Responsible Federal Budget, Clinton's estate tax proposals would be expected to increase federal revenue by $140 billion over the next decade.

Sep 28, 2016|Chicago Tribune

With President Trump or Clinton, reasons to go on living

Trump's fiscal plan, which the bipartisan Committee for a Responsible Federal Budget says would add more than $5 trillion to the debt over the next decade, would have trouble getting through Congress.

Sep 28, 2016|The clay Center Dispatch

EDITORIAL: The Donald's Brownbackonomics

A report on the budget plans of Donald Trump and Hillary Clinton just off the press shows that neither Trump’s nor Clinton’s plan will lower the national debt. Neither one. In fact, the nonpartisan think tank Committee for a Responsible Federal Budget (crfb.org) says Clinton’s most recent proposal will increase the national debt by $800 billion over the next ten years.

Sep 28, 2016|Vox

How Hillary Clinton and Donald Trump would tax the 1 percent, in one chart

On Monday, Marc Goldwein of the Committee for a Responsible Federal Budget shared an updated analysis of how each candidate’s tax plans would affect the top 1 percent of American income earners

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