Committee for a Responsible Federal Budget
Washington Monument

Papers

View our recurring reports, which summarize and analyze the most important regular federal budget releases and reports.

Concept_DC_Capitol Building Winter
Dec 12, 2017 | Budgets & Projections

The Year-End Debt Dilemma

As the year comes to a close, lawmakers have a number of legislative deadlines and a variety of issues they need or want to address – many of which...
Concept_Myths
Nov 27, 2017 | Taxes| Economics

Can Tax Reform Generate 0.4% Additional Growth?

Well-crafted tax reform would improve economic growth. While pro-growth tax reform can generate some revenue to the Treasury from the added growth,...
Nov 7, 2017 | Taxes| Economics

Chartbook: Dynamic Scoring and Tax Reform

This presentation covers that tax cuts don't pay for themselves, smart tax reform can generate $300 billion to $400 billion of dynamic revenues (...
Concept_Pen and Calculator
Oct 31, 2017 | Taxes

Five Gimmicks That May Hide the True Costs of Tax Reform

The budget resolution recently passed by Congress sets the stage for fast-track tax reform legislation (a process known as reconciliation) that...
Concept_DC_Capitol Building Storm
Oct 18, 2017 | Budgets & Projections

The FY 2018 Senate Budget and Budget Gimmicks

Note: An amendment was adopted during floor consideration that effects budget gimmicks in the House of Representatives. You can read more on that...
Concept_DC_Capitol Building

A Mini-Bargain to Improve the Budget: An Update

Note: This paper is an update from our August 2017 piece “A Mini-Bargain to Improve the Budget.” It adds a new section on how to pay for disaster...
Concept_calculator
Oct 4, 2017 | Taxes

Tax Cuts Don't Pay For Themselves

While policymakers are gearing up to address tax reform this fall, some have advocated for abandoning true reform and instead focusing solely on tax...
Concept_Debt
Sep 11, 2017 | Budgets & Projections

Q&A: Gross Debt Versus Debt Held by the Public

On September 8, the federal government's gross debt exceeded $20 trillion for the first time. This mark serves as an important reminder of the nation...
Concept_DC_Capitol Building Storm

Q&A: Everything You Should Know About Government Shutdowns

It’s déjà vu all over again, again – Congress seems to be waiting until the last minute to address several important fiscal priorities. One of the...
Concept_DC_Capitol Building
Sep 5, 2017 | Budgets & Projections

Q&A: Everything You Should Know About the Debt Ceiling

One issue that must be addressed this month is the federal debt ceiling, which was reinstated on March 16, 2017 as the debt approached...
Concept_calculator
Aug 30, 2017 | Taxes

Tax Reform Should Not Add to the Debt – Here's 5 Reasons Why

As lawmakers return from recess and move onto the fall's agenda, tax reform remains the top priority for both Congress and the Administration. The...
Concept_DC_Capitol Building
Aug 10, 2017 | Budget Process

Updated Appropriations 101

What are appropriations? Appropriations are annual decisions made by Congress about how the federal government spends some of its money. In general...
Aug 9, 2017 | Budget Process

Letter to Chairman Enzi Encouraging A Current Law Baseline

Below is a letter from CRFB to Senate Budget Committee Chairman Mike Enzi (R-WY) encouraging the committee to use a current law baseline. We...
Concept_House of Representatives
Aug 4, 2017 | Budgets & Projections

The FY 2018 House Budget and Budget Gimmicks

The House Budget Committee recently passed a Fiscal Year (FY) 2018 budget resolution that proposes a path to a balanced budget after ten years...
Concept_DC_Capitol Building
Aug 3, 2017

A Mini-Bargain to Improve the Budget

A new version of this paper exists that was updated to include savings for disaster relief.   The national debt is currently at its...
taxes
Jul 17, 2017 | Taxes

Response to Chairman Hatch’s Call for Feedback on Tax Reform

Below is a statement from CRFB submitted to the Senate Finance Committee in response to Chairman Orrin Hatch's request for feedback on potential tax...
Social Security
Jul 13, 2017 | Social Security

Analysis of the 2017 Social Security Trustees Report

The Social Security and Medicare Trustees today released their annual reports on the financial status of the two programs. The projections show that...
Concept_Scale
Jul 13, 2017 | Budgets & Projections

CBO’s Analysis of the President’s FY 2018 Budget

The Congressional Budget Office (CBO) released its estimate of the President’s Fiscal Year (FY) 2018 budget, using its own assumptions to evaluate...
Concept_Calculator
Jun 29, 2017 | Budgets & Projections

Analysis of CBO’s Updated Budget and Economic Outlook (June 2017)

The Congressional Budget Office (CBO) released updated budget and economic projections today, continuing to show an unsustainable picture of debt...
Concept_Scale
Jun 7, 2017 | Budgets & Projections

All the President's Budget Gimmicks

The Trump Administration recently released its full Fiscal Year (FY) 2018 budget proposal, which details the President’s policies for federal...

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