CBO Dissects the Medicare Spending Growth Slowdown

The slowdown in health care spending growth in recent years has been a hotly debated topic, as experts try to figure out the source of the slowdown. Some have theorized that it is due mostly to the weak economy, while others have argued that changes in the delivery of care or other factors, perhaps in anticipation of the implementation of the Affordable Care Act, have been the main drivers.

CBO Updates Their Historical Budget Data

Nearly two weeks ago, the Bureau of Economic Analysis released its GDP report with a $560 billion upward revision for 2012. As we explained at the time, the BEA has adopted a new accounting system, which changes the way GDP is measured. Now R&D and artistic creation are accounted for as investments, instead of as immediate expenditures. As a result, GDP appears larger than under previous measurements.

The Cost of Delay: Employer Mandate Edition

Early this month, the Obama Administration announced that it would delay enforcement of the employer mandate penalty in the Affordable Care Act for 2014. The employer mandate would have required employers with 50 or more full time workers to pay $2,000 to $3,000 per employee if any of their workers did not receive an affordable offer from the employer and instead obtained subsidized health insurance coverage through a health insurance exchange. The first 30 workers are exempted in calculating the penalty.

CBO Estimates the Economic Hit of the Sequester

Today, the Congressional Budget Office released a report detailing the projected economic effects of repealing the sequester starting August 1. The report is timely considering the big role the sequester will play in the 2014 appropriations process which is now heating up.

The Analysis of the Analysis: CRFB's Take on CBO's Immigration Estimates

CBO's recent budgetary and economic analyses of the Senate immigration bill have been making waves in the political sphere as lawmakers rush to highlight or disavow the findings of $197 billion of total deficit reduction through 2023 and almost $700 billion in the 2024-2033 period.

CBO Estimates the Senate Immigration Bill

Yesterday, the Congressional Budget Office released two analyses, a cost estimate and an economic analysis, of the Senate's immigration bill -- S.744, the Border Security, Economic Opportunity, and Immigration Modernization Act. The score is good news for immigration proponents, as CBO expects the bill would decrease deficits and boost economic growth. 

CBO Releases Analysis of the Distributional Impact of Tax Expenditures

The CBO released a paper today analyzing the distributional impact of major tax expenditures on the individual side of the tax code. Considering the tax reform efforts underway, the report is particularly timely as lawmakers take a look at the myraid of preferences in the law. The new analysis estimates that the 10 largest tax expenditures will cost the federal government $900 billion in revenue in fiscal year 2013 alone and $12 trillion from 2014-2023.

CBO Looks at a Carbon Tax

The revenue debate in DC is one that is often focused on the individual income tax system. But one option to raise revenue is to use new taxes that tax "economic bads," reducing the social costs while raising revenue. CBO explores one of these taxes, a carbon tax, in a recently released report.

The $21 Billion TARP

Yesterday, the CBO released its latest estimate of the subsidy cost of the Troubled Asset Relief Program (TARP). The estimate serves as a demonstration of how little of TARP is still operating in a major fashion, as most of the cost has not changed since the last score in October 2012. The overall cost of TARP dropped from $24 billion (the previous estimate in October 2012).

CED Responds to New CBO Projections

As we have written before, the CBO recently released updated projections that show an improvement in the fiscal climate. Based on CRFB’s realistic baseline, the new data suggests that the debt will rise to 76 percent of GDP in 2023 as opposed to 79 percent.

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