Wikipedia

Committee for a Responsible Federal Budget

The Committee for a Responsible Federal Budget (CRFB) is a non-profit public policy organization based in Washington, D.C. that addresses federal budget and fiscal issues. It was founded in 1981 by former United States Representative Robert Giaimo (D-CT) and United States Senator Henry Bellmon (R-OK),[2] and its board of directors includes past heads of the House and Senate Budget Committees, the Congressional Budget Office, the Office of Management and Budget, and the Government Accountability Office.[3]

The Committee for a Responsible Federal Budget
AbbreviationCRFB
FormationJune 10, 1981; 43 years ago (1981-06-10)
TypePublic policy think tank
Headquarters1025 Connecticut Ave NW, Suite 1100, Washington, DC 20036
Location
  • Washington, D.C.
Maya MacGuineas
Revenue (2023)
$4,137,343[1]
Expenses (2023)$4,941,731[1]
Websitecrfb.org

History

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Founding and Cost Containment Coalition

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The organization was founded by former representative and chair of the House Budget Committee Robert Giaimo (D-CT) and former senator and ranking member of the Senate Budget Committee member Henry Bellmon (R-OK) on June 10, 1981. After leaving Congress, the two decided the country needed an organization outside government committed to advocating for a sound budget process, and convened a group including other former Budget Committee chairmen, former directors of the Office of Management and Budget, leading economists, and businessmen.[2]

In the 1990s the CRFB formed the Cost Containment Coalition, led by then-president Carol Cox Wait, to find a solution to what some had termed a health care crisis. Paul Blumenthal and Ryan Grim in HuffPost criticized the CRFB for receiving funding from Philip Morris, a multi-national tobacco company, and the Tobacco Institute. Cox Wait was also criticized for her personal connections to Philip Morris, as she was a "corporate affairs consultant" for the company and was married to Philip Morris vice president Bob Wait. An "inter-office correspondence" memo says that the Coalition was thought up by employees at Philip Morris but was going to be formed "under the auspices of the Committee for a Responsible Federal Budget," and that its purpose was to take "the focus away from excise taxes."[4] The Coalition lobbied against an excise tax on tobacco under consideration by the Clinton administration.[5]

2000s and 2010s

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From 2004 through 2013,[citation needed] the CRFB was based at the New America Foundation, a non-profit public policy think tank based in Washington D.C. Maya MacGuineas, president of CRFB, was the program director of New America's Fiscal Policy Program,[6] and most of CRFB's staff were also co-appointed to positions at New America. As of January 2014 the organization no longer has ties with the New America Foundation.[citation needed]

In 2008, the organization received a grant from the Pew Charitable Trusts to raise the public understanding of important fiscal matters facing the country during the 2008 presidential election.[citation needed] This project, called US Budget Watch, was also tasked with tracking the candidates’ tax and spending promises both during and after the election. The project has continued to release reports in subsequent presidential elections.[7][8]

In late 2008, CRFB received support from The Peter G. Peterson Foundation and the Pew Charitable Trusts to create a new commission that would explore options for reforming the federal budget process, the Peterson-Pew Commission on Budget Reform.[9] The Commission released its initial report, "Red Ink Rising," in December 2009[10] and its second report, "Getting Back in the Black," in November 2010.[11]

In early 2009, CRFB unveiled Stimulus.org, a database which tracked the spending and deficit impact of all major government actions taken in response to the 2007–2008 financial crisis.[12] On the April 5, 2009 edition of CBS’ Face the Nation, host Bob Schieffer used figures from CRFB's "Stimulus Watch" chart while questioning Treasury Secretary Timothy Geithner about the amount of Troubled Asset Relief Program (TARP) funds that remained unspent.[13]

In 2009, CRFB's "Fiscal Roadmap Project" was launched. The Project outlined how the U.S. could move from stabilizing the economy during the 2007–2008 financial crisis to addressing its long-term fiscal problems. The ultimate goal of the Project was to show how policymakers could eventually put the country in what CRFB regarded as a sounder fiscal position.[14] The project released at least two long analyses, one on deficits[15][citation needed] and another on the activities of the Federal Reserve during the 2007–2008 financial crisis.[16] The Fiscal Roadmap Project was originally directed by Anne Vorce, former U.S. economic expert for the European Commission.[citation needed]

In early 2011, former fiscal commission co-chairs Erskine Bowles and Alan Simpson launched the Moment of Truth Project, with the intent to "to foster honest discussion about the nation's fiscal challenges" through "public education, Congressional outreach, and technical and policy analysis."[17][18]

 
Mark Warner, David Stockman, John Engler, Alan Greenspan and Jane Harman at Go Big 2011

CRFB launched the Go Big Initiative after The Budget Control Act of 2011 tasked a bipartisan 12-member Joint Congressional Committee on Deficit Reduction with finding an additional $1.5 trillion in deficit reduction. For this reason, CRFB launched "Go Big" in an effort to urge the Joint Congressional Committee to exceed its savings mandate of $1.5 trillion and enact a bipartisan, comprehensive fiscal reform plan.[19][20]

In 2014, The Better Budget Process Initiative was created to fix the "broken" budget process by "increasing focus the on long-term fiscal outlook, improving the process for dealing with the debt limit, strengthening statutory budget enforcement, revising the content and structure of the budget resolution, moving to biennial budgeting, and addressing treatment of tax expenditures in the budget process." Publications produced by the initiative include principles for a budget resolution and budget baseline reforms.[21]

The Campaign to Fix the Debt was launched in July 2012, and has advocated for deficit reduction (including cuts to Social Security and Medicare) and tax reform to avoid a fiscal cliff. In 2012, former Democrat Erskine Bowles and former Republican Senator Alan Simpson served as co-chairs, while former Pennsylvania Governor Ed Rendell and former senator Judd Gregg served as steering committee co-chairs.[22][23][24]

The McCrery-Pomeroy SSDI Solutions Initiative was launched in 2014 to identify "practical policy changes to improve the Social Security Disability Insurance (SSDI) program and other policies for people with disabilities." It was co-chaired by former Congressmen Earl Pomeroy (D-ND) and Jim McCrery (R-LA), both former chairmen of the House Ways & Means Social Security Subcommittee. The initiative published a book, SSDI Solutions: Ideas to Strengthen the Social Security Disability Insurance Program, in 2016 based on papers commissioned from various policy experts. It published several more commissioned papers in 2018 and 2019.[25]

2020s

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In 2020, FixUS was launched as an initiative of the Fix the Debt Campaign. According to its website: "FixUS is a group of Americans united in shared concern over the divided state of our country. We believe that healing these divisions is our highest national priority, and essential to preparing our nation to face the defining challenges of the 21st century."[26] FixUS conducted a national Roadshow and Listening Tour to discuss the national debt as well as partisan divisions, and produced a report on its findings.[27][28][29]

U.S. representative Jared Golden (D-ME 2nd) worked with the CRFB and the Tax Foundation on a compromise plan with balanced spending cuts and tax increases as the nation's debt neared its statutory ceiling in mid-2023. Golden's eight-page proposal did not attract any support from other House members publicly.[30]

Leadership

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The committee's first president was Carol Cox Wait,[citation needed] who served until 2003 and remains on CRFB's board of directors.[31][32] Cox Wait was succeeded by Maya MacGuineas, who also served as director of the Fiscal Policy Program at the New America Foundation.[6] In July 2015, CRFB announced Mitch Daniels, Leon Panetta and Timothy Penny as the new co-chairs of its board.[3] CRFB's board of directors was previously co-chaired by William Frenzel (R-MN), Timothy Penny (I-MN), and Charles Stenholm (D-TX), all former Congressional representatives.[citation needed]

The organization's activities are overseen by a 40-member board of directors composed of experts and prominent figures in federal budget, tax and fiscal policy. A large part of the board is composed of former directors of major budget-related government offices including the Congressional Budget Office (CBO), the Office of Management and Budget (OMB), the House and Senate Budget Committees, and the Federal Reserve Board of Governors. The group also includes numerous former Congressmen, former U.S. Comptrollers General, university and think tank experts on fiscal policy, and prominent members of the business and legal community.[3]

Research and publications

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The Committee focuses on many issues including deficit reduction, entitlement reform, fundamental tax reform, improving the budget process, and other topical issues as they arise.

In the past, CRFB has produced analyses in areas including:

The organization also issues regular press releases on day-to-day news developments related to federal budget, tax, and fiscal policy.

Criticism

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Michael Hiltzik, writing in the Los Angeles Times, called the CRFB "a billionaire's front group that likes to portray itself as a neutral budget watchdog" due to the groups ties to billionaire Peter G. Peterson and The Peter G. Peterson Foundation.[33] Paul Blumenthal and Christina Wilkie, writing in HuffPost, made a similar criticism of the group's connection to Peterson.[34]

Economist Paul Krugman, writing in The New York Times, criticized "deficit scolds" like the CFRB for having bad policy suggestions and being hypocritical, as well as having hidden intentions to "shred the social safety net". Krugman argued that "the deficit scolds, while posing as the nation's noble fiscal defenders, have in practice shown themselves both hypocritical and incoherent. They don't deserve to have a central role in policy discussion; they really don't even deserve a seat at the table."[35]

Prominent past and current board members

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See also

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References

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  1. ^ a b "Committee for a Responsible Federal Budget" (PDF). GuideStar. Retrieved 2024-10-24.
  2. ^ a b "About Us". Committee for a Responsible Federal Budget. 2009-08-04. Retrieved 2018-03-28.
  3. ^ a b c "Board Members". Committee for a Responsible Federal Budget. Retrieved 2024-07-30.
  4. ^ Linehan, Kathleen (1992-06-01). "PM Participation in Health Care Coalitions". Truth Tobacco Industry Documents. Retrieved 2024-07-30.
  5. ^ Hiltzik, Michael (2021-11-10). "Column: Billionaire anti-deficit hawks are already attacking Biden's spending plan. Ignore them". LA Times. Retrieved 2021-11-14.
  6. ^ a b "Arena Profile: Maya MacGuineas". Politico. Archived from the original on 2010-09-11. Retrieved 2024-07-30.
  7. ^ "US Budget Watch 2024". Committee for a Responsible Federal Budget. 2024-06-24. Retrieved 2024-07-21.
  8. ^ "US Budget Watch". Retrieved 2024-07-30.
  9. ^ "Peterson-PEW Commission on Budget Reform". Archived from the original on 2009-09-23. Retrieved 2018-04-03.
  10. ^ "Red Ink Rising: A Call to Action to Stem the Mounting Federal Debt" (PDF). 2009-12-01. Archived from the original (PDF) on 2015-03-17. Retrieved 2024-07-30.
  11. ^ "Getting Back in the Black". The PEW Charitable Trusts. 10 November 2010. Retrieved 2021-02-26.
  12. ^ "Stimulus.org". Committee for a Responsible Federal Budget. Retrieved 2024-07-30.
  13. ^ "Face the Nation: April 5, 2009 Transcript" (PDF). CBS News. 5 April 2009. Retrieved 2018-04-03.
  14. ^ "The Fiscal Roadmap Project" (PDF). Archived from the original (PDF) on 2009-04-23. Retrieved 2009-07-06.
  15. ^ "Good Deficits, Bad Deficits". Committee for a Responsible Federal Budget.[dead link‍]
  16. ^ "The Extraordinary Actions taken by the Federal Reserve to Address the Economic and Financial Crisis" (PDF). 2009-06-01. Archived (PDF) from the original on 2012-07-16. Retrieved 2022-07-05.
  17. ^ "About the Moment of Truth project". Committee for a Responsible Federal Budget. Retrieved 2024-07-30.
  18. ^ Lorenzen, Ed (Summer 2012). "The Moment of Truth… Once Again". The Ripon Forum. pp. 8–10. Retrieved 2021-02-26.
  19. ^ "Go Big". Committee for a Responsible Federal Budget. Retrieved 2024-07-30.
  20. ^ Marron, Donald (2011-09-19). "How to solve foreign debt? Go big". The Christian Science Monitor. Retrieved 2021-02-26.
  21. ^ "Better Budget Process Initiative". Committee for a Responsible Budget. Retrieved 2024-07-30.
  22. ^ Sahadi, Jeanne (2012-11-29). "What is 'Fix the Debt?'". CNN Business. Retrieved 2021-02-26.
  23. ^ Gregg, Judd; Rendell, Ed (2012-08-19). "Together, we can fix the debt". Politico. Retrieved 2021-02-26.
  24. ^ Roose, Kevin (2012-11-29). "The Fixers: How Fix the Debt Won Over Wall Street and Built a Fiscal Cliff Army". Intelligencer. Retrieved 2024-07-30.
  25. ^ "SSDI Solutions Initiative". Committee for a Responsible Federal Budget. 2018-06-05. Retrieved 2020-03-29.
  26. ^ "About FixUS". FixUS. Retrieved 2024-07-30.
  27. ^ Murphy, Mike (2019-12-17). "Guest Editorial: Unlike politicians in D.C., some are willing to work together". Southwest Times Record. Archived from the original on 2019-12-18. Retrieved 2024-07-30.
  28. ^ Stebbins, Paul (2018-12-13). "Fixing debt and our broken system must be national priorities". Austin American-Statesman. Retrieved 2021-02-26.
  29. ^ "FixUS 2021 Progress Report". FixUS. 2021-12-01. Retrieved 2024-07-30.
  30. ^ Pearlstin, Steven (2023-04-24). "Amid the debt ceiling madness, a lonely voice of sanity emerges". The Washington Post. Retrieved 2023-04-23.
  31. ^ "Carol Cox Wait Directors". Committee for a Responsible Federal Budget. Retrieved 2024-07-30.
  32. ^ Blumenthal, Paul; Grim, Ryan (2013-01-24). "CRFB Corporate Ties: Budget Watchdog Funded By Big Tobacco In 1990s Health Care Fight". HuffPost. Retrieved 2024-07-30.
  33. ^ Hiltzik, Michael (2016-12-09). "Column: The GOP unveils a 'permanent save' for Social Security — with massive benefit cuts". Los Angeles Times. Retrieved 2024-07-21.
  34. ^ Blumenthal, Paul; Wilkie, Christina (2012-12-03). "Fix The Debt Campaign's Bipartisan Veneer Masks Conservative Backing". HuffPost. Retrieved 2024-07-30.
  35. ^ Krugman, Paul (2012-11-11). "Hawks and Hypocrites". The New York Times. Retrieved 2024-07-21.
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