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Social Security’s #1 Priority: Raise Share of Payroll Tax Going to Disability Insurance

July 29, 2014

The Social Security trustees’ new report shows why the program’s immediate priority should be to raise the share of payroll taxes allocated to Disability Insurance (DI) and lower the share allocated to Old-Age and Survivors Insurance to keep the DI trust fund from...

New Chart Book Paints Picture of Disability Insurance

July 21, 2014

The Senate Finance Committee will hold a hearing this Thursday on Social Security Disability Insurance (DI).  We’ve just released a new chart book about DI.  Its more than 20 figures illustrate the...

Congress Needs to Boost Disability Insurance Share of Payroll Tax

July 17, 2014

Congress should increase the share of the Social Security payroll tax that’s devoted to Disability Insurance (DI) and reduce the share allocated to Old-Age and Survivors Insurance (OASI).  We explain in a new paper why that’s essential to avoid a 20 percent across-the-board cut in DI benefits in 2016, how Congress has...

New CBO Long-Term Budget Projections Tell Familiar Story

July 15, 2014

The Congressional Budget Office (CBO)’s new long-term budget projections, released today, are very similar to those that CBO published in September 2013 and to ones that we released in May 2014.  They show that the nation’s fiscal outlook is stable for the rest of this decade and then worsens gradually.

CBO projects that, under current...

Washington Post Misses the Mark on Federal Credit Accounting

June 4, 2014

A Washington Post editorial today mistakenly implies that policymakers omit from the federal budget some of the costs of government loans by putting them “off-budget.”

In fact, the current accounting method for...

The Week Misuses CBPP Analysis of Health Reform’s Employer Requirement

May 16, 2014

A recent column in The Week incorrectly used a 2009 CBPP paper about health reform’s employer responsibility requirement, under which large employers must offer their workers health coverage or pay a penalty.  As we’ve...

Emerging Trade Agreement Would Make Drugs Less Affordable

May 6, 2014

The Trans-Pacific Partnership (TPP) — a trade agreement that the United States and 11 other Pacific-rim countries are negotiating — threatens to make prescription drugs less affordable for consumers and taxpayers.  CBPP recently joined with ten other organizations, including AARP and Consumers Union, to express our concerns...

Our New Long-Term Budget Projections

May 5, 2014

The nation’s fiscal outlook is stable for the rest of this decade and then worsens gradually, according to our new projections of the budget outlook under current policies through 2040.  The projected ratio of debt to gross domestic product (GDP) — which was 72 percent at the end of fiscal year 2013 — will reach 74 percent by...

“Fair-Value” Approach Would Make Student Loan Accounting Less Accurate, Not More

April 25, 2014

Advocating so-called “fair-value accounting” for student loans and other federal credit programs, National Review’s Jason Richwine claims that current accounting rules showing that student loans generate a profit for the federal government “...

CBO: Health Reform Is Working — and Costing Less

April 14, 2014

In new estimates that it released today, the Congressional Budget Office (CBO) projects that health reform’s coverage expansions will cost less than it previously estimated.  That’s good news for two reasons:

First, the new cost projections come even as CBO also estimates that health reform will dramatically reduce the number of...