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Posts by Joel Friedman

Tax Bill’s Cost Could Hit $2.2 Trillion Over Next Decade

December 18, 2017

The Republican tax bill is loaded with expiring provisions and delayed tax increases that help it comply with budget rules but hide its likely real cost; if policymakers down the road don’t let these provisions take effect, as leading Republicans say they prefer,...

2.2-trillion_landing-01.png

Senate Tax Bill Could Prove Costlier Than Official Estimate

November 16, 2017

The Joint Committee on Taxation (JCT) estimates that Senate Finance Committee Chairman Orrin Hatch’s revised tax bill would lose $1.4 trillion between 2018 and 2027, but begin to raise revenue starting in 2027.  To limit the bill’s cost in this way, Chairman Hatch proposed to repeal the Affordable Care Act’s individual mandate, sunset the bill’s individual tax provisions after 2025 (...

In Focus: Revised Hatch Bill's Sunsets and Delayed Tax Hikes Limit Its Cost Late in Decade

Black’s Lopsided Budget Is a Dead End for Appropriations

June 26, 2017

House Budget Committee Chair Diane Black is reportedly close to a deal with House Republicans on a 2018 budget resolution that would significantly increase defense and cut non-defense discretionary (NDD) programs, both of which are funded through the...

Bills Bar Chart

Facts Don’t Justify Expected GOP Assault on Domestic Programs

February 21, 2017

The upcoming budgets from the Trump Administration and congressional Republicans are expected to contain deep cuts in domestic programs. A pair of CBPP reports show why two of the principal arguments that proponents will likely use to justify such cuts — that widespread growth in federal programs throughout the budget is the source of the nation’s fiscal problems, and that programs assisting...

Non-Interest Spending Outside Medicare and Social Security Set to Fall in Coming Decade

Don’t Legislate in the Dark; Do a Real Budget

January 10, 2017

Congressional Republicans’ expected vote this week to approve a budget resolution — the first step in their plan to repeal the Affordable Care Act (ACA) — fails the test of sensible policymaking: having the key information available before voting. With this budget resolution, Republicans haven’t provided any details on the ACA replacement that they promise to enact, nor have they begun to show...

budget

Budget Deal Already Paid for the 2017 Sequestration Relief

February 25, 2016

House conservatives are demanding that lawmakers pay for the $30 billion in sequestration relief for discretionary programs in 2017 that the President and Congress provided last year.  Policymakers, however, already paid for the funding increase when they provided it, so House conservatives are effectively demanding that they pay for it twice (and, in fact, even more in later years...

Dollar and Columns

CBO: House Reconciliation Bill Raises Long-Term Deficits

October 21, 2015

The reconciliation bill repealing key parts of health reform, which the House is scheduled to consider this week, isn’t only ill-advised on policy grounds, as we’ve explained, but would raise long-term deficits, according to the Congressional Budget...

The Capitol

Congress Shouldn’t Play Politics With the Debt Ceiling

October 20, 2015

The House will vote soon on a Republican proposal allowing the Treasury to borrow funds to pay bondholders and Social Security recipients if there's a prolonged standoff over raising the debt ceiling. This approach is extremely dangerous. 

Dollar Bill

Drop the Pentagon Funding Gimmick and Move to Sequester Negotiations

June 9, 2015

Congressional Republicans are proceeding to implement a gimmick in their 2016 budget resolution that allows defense programs to evade the 2011 Budget Control Act’s (BCA) tight limits on appropriations, as lowered by sequestration. 

The Senate is considering this week its version of the 2016 National Defense Authorization Act (NDAA), which embraces the gimmick,...

Charts and Graphs With Pen

Obama, Ryan Miles Apart on Non-Defense Discretionary Funding

April 8, 2014

One especially stark difference between the recent budgets from President Obama and House Budget Committee Chairman Paul Ryan is in non-defense discretionary (NDD) funding, the budget category that includes key investments in the economy, such as education and basic research; support for low-income families, such as Head Start and housing assistance; and essential services that Americans...

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