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CRFB.org @BudgetHawks

The Committee for a Responsible Federal Budget is a nonpartisan group of budget experts concerned about this nation's fiscal future. https://t.co/e8R4vf8v9S crfb.org Washington, DC Joined January 2010
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CRFB.org retweeted
MarcGoldwein Profile Picture

Marc Goldwein @MarcGoldwein

2 days ago

At current pace, PCE inflation will be 4% in 2024. That’s lower than I expected given yesterday’s data, so should slightly increase the odds of a rate cut this year (as compared to yesterday). Graph via @katekgen at @BudgetHawks

CRFB.org retweeted
MarcGoldwein Profile Picture

Marc Goldwein @MarcGoldwein

2 days ago

PCE inflation is up 2.7% over the past year, including 0.3% last month. Graph via @JoeyGarrand at @BudgetHawks

CRFB.org retweeted
MayaMacGuineas Profile Picture

Maya MacGuineas @MayaMacGuineas

a week ago

Really smart healthcare policy and it is preferable to offset all spending when possible given our debt situation. Good effort by @RepArrington to get people used to the idea that we should pay for important things rather than borrow. youtube.com/watch?v=YhJYl1…

BudgetHawks Profile Picture

CRFB.org @BudgetHawks

a week ago

🚨 NEW: On Tuesday, the ten-year Treasury note was 4.7% - up from 4.1% just six weeks ago. The three-month bill is now yielding nearly 5.5%, up from less than 0.1% at the start of 2022. As a result, federal interest costs are surging and it could lead to a dangerous debt spiral.…

BudgetHawks Profile Picture

CRFB.org @BudgetHawks

2 weeks ago

"The growing debt is an issue of generational fairness," write former MN Reps. @Tim_Penny and David Minge in @StribOpinion. "With determination, we still believe it is possible to get our debt under control and make smart investments for a better future." ➡️ Read more at…

StribOpinion Profile Picture

Star Tribune Opinion @StribOpinion

2 weeks ago

"The growing debt is an issue of generational fairness," write former MN Reps. @Tim_Penny and David Minge in @StribOpinion. "With determination, we still believe it is possible to get our debt under control and make smart investments for a better future." ➡️ Read more at… https://t.co/okJzoduey2

BudgetHawks Profile Picture

CRFB.org @BudgetHawks

2 weeks ago

📰 NEW in @StarTribune: CRFB Co-Chair @Tim_Penny and Emeritus Member David Minge, both former MN Reps., discuss a worrying #TaxDay reality – more and more of our #incometax payments go toward interest on the #nationaldebt. They argue our fiscal health hasn't always been this bad…

CRFB.org retweeted
MarcGoldwein Profile Picture

Marc Goldwein @MarcGoldwein

2 weeks ago

🚨 NEW 🚨 - The Administration’s new student debt cancellation plan could cost $𝟐𝟓𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨 $𝟕𝟓𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 over a decade. Via @BudgetHawks crfb.org/blogs/student-…

BudgetHawks Profile Picture

CRFB.org @BudgetHawks

2 weeks ago

🚨 NEW 🚨 The Biden Administration's new student debt plan could cost $250 billion to $750 billion, depending on how the hardship and likely to default components are designed. Elements of the proposed rule released today would cost ~$150 billion. But, the rule still leaves open…

CRFB.org retweeted
MarcGoldwein Profile Picture

Marc Goldwein @MarcGoldwein

2 weeks ago

🚨 Tax Fact 🚨 - Revenue in 2023 closely matched post-TCJA projections, once you adjust for inflation. Corporate revenue matched it EXACTLY. Suggestive that CBO’s score was pretty damn good and tax cuts didn’t pay for themselves. crfb.org/blogs/2017-tax…

BudgetHawks Profile Picture

CRFB.org @BudgetHawks

2 weeks ago

💰 So far this fiscal year, 39 cents of every dollar paid in individual income taxes has gone toward interest on the debt. #TaxDay2024 #DebtFacts

CRFB.org retweeted
MarcGoldwein Profile Picture

Marc Goldwein @MarcGoldwein

2 weeks ago

🚨New Analysis 🚨 -- If we fix the #SocialSecurity and other trust funds, it would be enough to 𝐒𝐭𝐚𝐛𝐢𝐥𝐢𝐳𝐞 𝐭𝐡𝐞 𝐃𝐞𝐛𝐭 (at too high a level) over the next 30 years and reduce it over the very long term. Save the Trust Funds, Save the Budget. crfb.org/blogs/trust-fu…

CRFB.org retweeted
MarcGoldwein Profile Picture

Marc Goldwein @MarcGoldwein

2 weeks ago

Seniors may get another 3%+ COLA next year.

BudgetHawks Profile Picture

CRFB.org @BudgetHawks

3 weeks ago

🚨 NEW: The United States borrowed $1.1 trillion in the first six months of fiscal year 2024, including $236 billion in March, according to the latest Monthly Treasury Statement from @USTreasury. The following is a statement from @MayaMacGuineas: crfb.org/press-releases….

CRFB.org retweeted
MarcGoldwein Profile Picture

Marc Goldwein @MarcGoldwein

3 weeks ago

Even if monthly inflation matches the Fed's target for the rest of the year, CPI inflation will total 3% in 2024. At our current pace, we'll have 4%-4.5% inflation.

BudgetHawks Profile Picture

CRFB.org @BudgetHawks

3 weeks ago

🇺🇸 #USBW2024 Analysis of Donald Trump’s 60% Tariff on Chinese Imports ⤵️ Former President and current Republican presidential candidate Donald Trump recently proposed implementing a tariff of 60% or higher on imports from China. We estimate that once trade behavior is taken…

CRFB.org retweeted
MarcGoldwein Profile Picture

Marc Goldwein @MarcGoldwein

3 weeks ago

While a 60% tariff on Chinese goods would raise $2.4 trillion on a static basis, it will dramatically reduce Chinese imports and then could 𝐥𝐨𝐬𝐞 $𝟓𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 under convention scoring. Trump's 10% baseline tariff could lead the plan to raise up to $300 billion.

MarcGoldwein Profile Picture

Marc Goldwein @MarcGoldwein

3 weeks ago

While a 60% tariff on Chinese goods would raise $2.4 trillion on a static basis, it will dramatically reduce Chinese imports and then could 𝐥𝐨𝐬𝐞 $𝟓𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 under convention scoring. Trump's 10% baseline tariff could lead the plan to raise up to $300 billion. https://t.co/FM5AtEdUSu

CRFB.org retweeted
SteveRattner Profile Picture

Steven Rattner @SteveRattner

3 weeks ago

Trump's 60% China tariffs could raise as much as $300 billion over a decade...or cost the US $50 billion, depending on how much of a damper higher prices would put on imports. cc: @BudgetHawks

CRFB.org retweeted
MarcGoldwein Profile Picture

Marc Goldwein @MarcGoldwein

3 weeks ago

🚨NEW ANALYSIS🚨- Donald Trump's proposed 60% tariff on Chinese imports would massively raise tax rates but might generate 𝐧𝐨 𝐧𝐞𝐰 𝐫𝐞𝐯𝐞𝐧𝐮𝐞. These tax increases will mostly or entirely 𝑢𝑛𝑝𝑎𝑦 𝑓𝑜𝑟 𝑡ℎ𝑒𝑚𝑠𝑒𝑙𝑣𝑒𝑠! via @BudgetHawks crfb.org/blogs/donald-t…

CRFB.org retweeted
MarcGoldwein Profile Picture

Marc Goldwein @MarcGoldwein

3 weeks ago

🔥 CPI inflation is back up to 𝟑.𝟓% over the past year and 𝟎.𝟒% last month alone. 🔥 Too hot for comfort. Graph by @katekgen at @BudgetHawks

BudgetHawks Profile Picture

CRFB.org @BudgetHawks

3 weeks ago

🚨 Some lawmakers have recently suggested combining the House-passed Tax Relief for American Families and Workers Act of 2024 (also known as Wyden-Smith) with the Senate-passed Radiation Exposure Compensation (RECA) Reauthorization Act. The Wyden-Smith bill is fully offset…

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