WASHINGTON DC (April 22, 2019) — The Social Security and Medicare Trustees released their annual reports today, showing the Medicare Part A trust fund will be insolvent in seven years, the Social Security retirement fund in 15 years, and the theoretical combined Social Security retirement and disability trust-funds in 16 years. Medicare Part B and D are also projected to continue growing faster than the economy. All these programs face large and growing shortfalls.

WASHINGTON DC (April 2, 2019) — House Budget Committee Chairman John Yarmuth released details of a plan Tuesday to forgo consideration of a budget resolution and instead raise current law discretionary spending caps for Fiscal Years 2020 and 2021 by over $350 billion — a change that could cost roughly $2 trillion over a decade. The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget:

WASHINGTON DC (March 12, 2019) — It feels like Washington just can’t kick its addiction to special interest tax breaks.

Nearly 15 months after the expiration of the so-called “tax extenders,” The House is holding a subcommittee hearing Tuesday on these provisions. Senate Finance Committee leaders, meanwhile, have already proposed legislation to bring expired provisions back — and do so retroactively for last year.

WASHINGTON DC (March 8, 2019) — Reports suggest the Trump administration will release its FY 2020 budget in two parts, beginning next week.

With debt at post-war record highs, deficits expanding, sequester-level caps scheduled to return in the fall, and the debt-ceiling back in effect, the White House has the opportunity to lead on fiscal issues this year. Leadership should begin with a thoughtful and responsible budget proposal.