WASHINGTON DC (July 16, 2019) — The House of Representatives is scheduled to vote on a permanent repeal of the "Cadillac tax" on high-cost health insurance plans Wednesday, a major funding provision for the Affordable Care Act (Obamacare). This change would cost almost $200 billion from 2022 to 2029, and over $1 trillion in the following decade. The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget:

 

WASHINGTON DC (June 27, 2019) — The Senate is scheduled to vote Thursday on the National Defense Authorization Act (NDAA) for Fiscal Year 2020 to authorize defense-spending at President Trump’s proposed level of $750 billion. If lawmakers appropriated at that level, it would represent a $34 billion nominal increase relative to last year’s level and about $100 billion above current-law defense-caps.

WASHINGTON DC (June 25, 2019) — The Congressional Budget Office (CBO) released its Long-Term Budget Outlook Tuesday, which warns that today’s high levels of debt are on course to nearly double as a share of the economy over the next 30 years, from 78 percent of GDP today to 144 percent by 2049 under current law. Debt would rise to 219 percent of GDP by 2049 if various expiring policies are continued.

WASHINGTON DC (June 21, 2019) — The House Ways and Means Committee will consider four bills today promising to revive or create several temporary tax breaks that would add roughly $150 billion to the debt over the next ten years if enacted into law temporarily and $710 billion if made permanent.

WASHINGTON DC (June 19, 2019) — The House Ways and Means Committee is scheduled to mark up legislation to revive special-interest tax-breaks known as “tax-extenders” this week while also passing new temporary tax-breaks. The legislation appears to offset the cost of reviving the tax-extenders but not offset any new costs. As a result, the bill would add more than $100 billion to the debt in two years, or in the range of a half-trillion dollars over ten years if made permanent.

WASHINGTON DC (June 11, 2019) — The House of Representatives is scheduled to vote this week on “minibus” appropriations legislation, combining five appropriations bills into one measure, totaling nearly $1 trillion. This minibus spends above last year’s record levels and likely well above current law. The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget:  

WASHINGTON DC (May 23, 2019) — Senators Lamar Alexander (R-TN) and Patty Murray (D-WA), the respective chair and ranking member of the Senate Committee on Health, Education, Labor, and Pensions (HELP), introduced bipartisan legislation Thursday aimed at reducing health-care costs. The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget:

WASHINGTON DC (May 21, 2019) — Congressional leaders and Administration officials are negotiating an agreement to raise the discretionary-spending caps while increasing the debt ceiling. The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget:

WASHINGTON DC (May 21, 2019) — President Trump and Congressional Democrats are meeting this week to discuss how to pay for as much as $2 trillion of new infrastructure-spending. The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget:

WASHINGTON DC (April 26, 2019) — Today's Unpacking the Social Security Trustees’ Report event will be shown on C-SPAN 2 (please note that you may need a login for the C-SPAN 2 website). The event will begin at 12:30PM. 

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