Committee for a Responsible Federal Budget

Media Coverage

Aug 15, 2017|USA Today

Congress is procrastinating on the debt limit, and it's costing taxpayers billions

"I think people should be angry," said Maya MacGuineas, president of the non-partisan Committee for a Responsible Federal Budget. "Our political system is breaking down in ways that are having real economic costs, and most people don't realize what's happening."

Aug 14, 2017|The Associated Press

Lots of Questions Still Hang Over Trump's Tax Plan

Lawmakers could change how the deficit gets calculated in future years by treating tax breaks that are set to expire this year as permanent. This could add $450 billion to the baseline over 10 years, said Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget.

Jul 28, 2017|Fox Business Network

How tax reform affects the overall economy

Committee for a Responsible Federal Budget President Maya MacGuineas weighs in on the debate over tax reform.

Aug 16, 2017|Bloomberg BNA

No Deals in Sight as Spending, Debt Limit Deadlines Loom

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, expects leaders will be pondering how to avoid a default as lawmakers are trying to head off a government shutdown, she said.

“Both are really bad—but default is unimaginably bad,” MacGuineas said. “It’s territory we haven’t entered before. I’m an optimist that we will get both of these done. But it’s not a clear path to getting them to the finish line for either of them yet.”

Aug 14, 2017|Fox Business

Trump's tax overhaul: 4 key questions

Lawmakers could change how the deficit gets calculated in future years by treating tax breaks that are set to expire this year as permanent. This could add $450 billion to the baseline over 10 years, said Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget.

Aug 13, 2017|Politico

Think Obamacare repeal was hard? Wait for tax reform

On the individual side, the largest tax breaks — like the deductions for home mortgage interest, charitable donations and state and local taxes — are broadly popular and survived previous prunings of the tax code.

"There's so many more losers than in health reform," said Marc Goldwein of the Committee for a Responsible Federal Budget, a group that advocates policies to reduce the federal debt. "Tax reform — if they do it right — it's going to affect everyone."

Aug 11, 2017|The Hill

GOP debates retroactive tax cuts

Tax and budget experts also said there are reasons why retroactive tax changes may not create economic growth. They say such changes would add to the cost of the bill, but would not be an effective way to encourage new spending and investments.

“It has all of the costs of the tax cuts but none of the economic benefits,” said Committee for a Responsible Federal Budget President Maya MacGuineas, who added that “you don’t make investments in the rear-view mirror.”

Aug 11, 2017|Bloomberg

Health Insurers Struggle to Win Reprieve of Obamacare Tax

Congress needs to resolve other pressing issues before year’s end, including raising the debt-limit. “It is going to be just fiscal mania all fall,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, which advocates for decreasing the deficit.

As for repealing or delaying the HIT, she said: “I can certainly see this not happening.”

Aug 11, 2017|Fox Business

Debt Ceiling Solutions: Democrats & Republicans could come together

Maya MacGuineas, President of The Committee for a Responsible Federal Budget, stressed the importance of coming to a consensus on the debt ceiling as soon as possible in an editorial for The Hill. “There are nations that both officially and unofficially use the greenback, and many others peg the value of their money to U.S. dollars. So why, under any calculation, would a politician risk or even threaten to risk this standing by refusing to raise the debt ceiling and chance default on U.S. obligations?” MacGuineas said.

Aug 11, 2017|FactCheck.org

Medicare Scare Tactics

Fiscal groups such as The Concord Coalition and the Committee for a Responsible Federal Budget have supported IPAB, saying that it’s necessary to find ways to control growing health care costs and that the board can operate without the political pressure rampant in Congress. 

Aug 10, 2017|Fox Business

Trump White House turning to Democrats for tax reform

On June 15, Rep. Dan Lipinski (D-Ill.), policy co-chair of the Blue Dogs, sent a letter to lobbyists, think tanks and advocacy groups, inviting them to listening sessions to give them a chance to express what they would like to see in a bipartisan tax plan. More than 15 groups accepted the request and met with Lipinski in late July, including the AFL-CIO, the Tax Policy Center and the National Federation of Independent Business, according to people familiar with the matter.

The group has also met with representatives from the U.S. Chamber of Commerce and Maya MacGuineas, President of the Committee for a Responsible Federal Budget, according to Democratic aides.

Aug 10, 2017|Politico

Morning Tax: Trouble in paradise?

CRFB: DON’T DO IT, ENZI! The fiscal hawks at the Committee for a Responsible Federal Budget are urging Senate Budget Chairman Mike Enzi (R-Wyo.) to just say no to the lure of a current policy baseline, Pro Tax’s Aaron Lorenzo reports. The Senate’s choice between a current policy and current law baseline, which the current House budget has relied on so far, could have a pretty massive impact on tax reform. A current law baseline could force lawmakers to find an extra $460 billion in offsets in a tax overhaul, according to CRFB’s numbers.

Aug 9, 2017|The Hill

Debt group urges GOP chairman to avoid budget 'gimmicks'

The Committee for a Responsible Federal Budget (CRFB) is urging the Senate Budget Committee to avoid using “gimmicks” as it crafts a budget resolution to facilitate tax-reform legislation.

CRFB, which has bipartisan leadership and supports fiscal responsibility, said the Senate panel should produce a resolution that uses the traditional current-law baseline for scoring legislation, rather than a current-policy baseline that assumes temporary tax breaks will be extended.

"Adopting a 'choose your own baseline' practice would set a dangerous precedent that would allow Congress to hide the true cost of massive debt-busting entitlement spending or tax changes in the future," CRFB president Maya MacGuineas wrote in a letter to Budget Committee Chairman Mike Enzi (R-Wyo.) on Wednesday.

Aug 8, 2017|Bloomberg

Republicans Discuss a Mix of Temporary, Permanent Tax Changes

The one-page outline of a tax plan that the White House released in April called for cutting the corporate tax rate to 15 percent -- down from the current 35 percent. It also would condense the existing seven individual income tax rates to three, cut the top rate to 35 percent from the current 39.6 percent and double the standard deduction. Overall, the plan might cost as much as $5 trillion over 10 years, according to an estimate from the nonpartisan Committee for a Responsible Federal Budget.

Aug 4, 2017|The Fiscal Times

Budget Hawks Call for ‘Mini-Bargain’ to Address the Debt and Deficit

The Committee for a Responsible Federal Budget, which has long pushed for sustainable spending and debt management, this week released a set of proposals that, while falling short of the massive changes to the tax code and entitlement spending that former president Barack Obama and former House Speaker John Boehner once contemplated, would at least begin moving the country in that direction.

“Unfortunately, policymakers are far from negotiating a ‘grand bargain’ to fix the debt,” CRFB concedes in the paper released Thursday. “Instead, many are pursuing policies that would further increase debt by cutting taxes under the guise of tax reform and increasing defense and non-defense discretionary spending above current law caps.

Aug 3, 2017|The Hill

Fiscal hawks call for ‘mini-bargain’ on budget

A bipartisan, fiscally conservative advocacy group has called on Congress to strike a “mini-bargain” to reform the budget process, an opening bid to addressing the nation’s debt woes.

“Major tax and spending reforms are needed to fix the country’s debt, but we can’t let the perfect be the enemy of the good,” said co-chair of the Committee for a Responsible Federal Budget (CRFB) Leon Panetta, a Democratic former Defense Secretary, White House chief of staff and House Budget Committee chairman.

Aug 2, 2017|McClatchy DC

Conservatives’ ‘power of no’ stifles Republican agenda

"They’ve created an approach that gives them enough power to have real influence on the outcomes," said Maya MacGuineas, president of the nonpartisan Committee for a Responsible Federal Budget, of Meadows’ caucus. "But there’s a real difference between being able to affect the outcome and really drive an agenda to where you want it to be."

Aug 2, 2017|The Fiscal Times

Top GOP Conservative: We Won’t Play Around With the Debt Ceiling

In a statement released Tuesday, Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said, “We need to increase the statutory debt limit as soon as possible. We should have done so already to avoid creating undue and potentially costly uncertainty, and we most certainly should not wait until the last moment to make this necessary increase. No Member of Congress should even consider holding this must-pass legislation hostage.”

Aug 1, 2017|Vox

John McCain did not kill Obamacare repeal for good. It could still come back.

The budget procedure experts I spoke with thought the second interpretation — that reconciliation lasts until a new budget resolution is passed — was the most plausible, but acknowledged there’s considerable uncertainty on the question. “Many think Sept 30. Others think not until new resolution passes or 115th Congress adjourns,” Marc Goldwein, senior vice president and senior policy director for the Committee for a Responsible Federal Budget and a leading budget procedure expert, says.

Aug 1, 2017|USA Today

Congress faces urgent deadlines to fund government, avert debt default

"The debt ceiling isn’t a game of chicken," said Maya MacGuineas, president of the non-partisan Committee for a Responsible Federal Budget. "It should be raised as soon as possible to ensure continued confidence in our economic system here at home and around the world."

Jul 31, 2017|Fox Business

Paul Ryan meets with DC powerhouses amid tax reform concerns

The idea of eliminating the state and local tax deductions would be controversial and possibly unpopular as Americans in 43 states would lose the option to deduct what they pay in taxes from their federal return, which lowers their overall tax bill.

While eliminating those deductions could save the federal government an enormous amount of money, it benefits Americans in New York, New Jersey and Connecticut the most. According to the Committee for a Responsible Federal Budget, about a third of the tax benefit goes to those three states.

Jul 28, 2017|The Washington Post

Trump to GOP: Show me the BIG tax reform

This debate matters because the White House assumes tax cuts will lead to much stronger economic growth, which will then cause tax revenue to go up.

Outside experts, like those at the Committee for a Responsible Federal Budget, a nonpartisan public policy think tank, disagree. They predict Trump's plans will add trillions to America's debt. The GOP statement Thursday did nothing to ease their fears.

“The outline today did not include deficit neutrality as a principle, a glaring omission and key factor for any plan intended to grow the economy and rein in our unsustainable debt,” says Maya MacGuineas, president of the CRFB.

Jul 28, 2017|The Washington Post

White House, business groups start major push to cut taxes

“Real tax reform that is paid for is much harder than fiscally irresponsible tax cuts that aren’t,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a group that advocates for deficit reduction. “I think there are numerous camps that represent those different viewpoints.”

Jul 28, 2017|VICE

So, Is Trump Gonna Build That Wall or What?

If it does, Trump will have to decide if he's willing to veto a wall-less bill. He hasn't given any clear indication on this. But conservative lawmakers think he's willing to stand strong on this front. After all, as the Washington Post pointed out last week, the wall is the clearest victory Trump could win on immigration, a typically difficult issue that he's put at the heart of his presidency. It's also the manifestation of his self-image as a builder.

"He is very serious about it," said Committee for a Responsible Federal Budget President MacGuineas. "But he will [have to] evaluate the chance of his veto being successful and quite possibly decide it just isn't worth" the risk of a failed block.

Jul 28, 2017|Politico

The House border adjustment (2016-2017)

There’s definitely some fear among deficit hawks that Republicans will take the easier path of just cutting taxes in the end, but a couple of potential problems with that approach, via Ed Lorenzen of the Committee for a Responsible Federal Budget: the current House budget resolution and Senate pay-as-you-go rules.

Jul 27, 2017|Forbes

Health Plans Rip 'Skinny Repeal' As Disaster For Insurance Markets

Eliminating the individual mandate would “increase the number of uninsured individuals by 15 million by 2026 and increase premiums in the individual insurance market by 20%” the Committee for a Responsible Federal Budgetsaid this week.

Jul 27, 2017|Los Angeles Times

Trump and GOP leaders agree to drop border-adjustment tax from reform

Without the border adjustment, “we’re going to be more in the 25% level,” said Marc Goldwein, a senior vice president for the nonpartisan Committee for a Responsible Federal Budget.

Jul 27, 2017|Politico

GOP 'skinny' plan not getting hefty support yet

"This achieves less deficit reduction than I expected and would not comply with Senate rule requiring [that] amendments to reconciliation bill not reduce deficit reduction because on-budget savings are less than House bill," said Ed Lorenzen of the Committee for a Responsible Federal Budget, reviewing the estimate. CBO projected $130 billion in net deficit savings and just $78 billion in on-budget savings over the next decade, based on the mockup of the Senate GOP bill.

Jul 26, 2017|NBC News

Here’s the Lowdown on ‘Skinny Repeal’ of Obamacare

One advantage of "skinny repeal" from a procedural perspective is that it’s likely to meet the requirement that any bill the Senate passes reduce the deficit by as much as the House plan, which saved $119 billion over 10 years. Because CBO finds millions of fewer people would buy insurance, the government wouldn’t have to pay to subsidize their premiums.

The nonpartisan Committee for a Responsible Federal Budget estimated on Tuesday the overall "skinny repeal" package would save about $225 billion.

Jul 26, 2017|Forbes

Senate Health Bill's Only Win May Be Tax Relief To Device Makers

The two mandates are unpopular among most Republicans but could cause millions to lose coverage. The individual mandate, which requires Americans to have coverage or face a penalty, would “increase the number of uninsured individuals by 15 million by 2026 and increase premiums in the individual insurance market by 20%” the Committee for a Responsible Federal Budget said Tuesday afternoon.

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