CBO/JCT
Latest
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Rules Reform – Ideas for the 118th Congress
Read moreAt the beginning of each new session of Congress, the House of Representatives must agree on a new set of rules governing how business will be...
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CBO Reports $217 Billion Deficit for August
Read moreThe United States borrowed over $944 billion in the first 11 months of fiscal year 2022, including $217 billion in August, according to the latest ...
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CBO’s Long-Term Budget Outlook Forecasts Debt In Uncharted Territory
Read moreThe Congressional Budget Office (CBO) released its Long-Term Budget Outlook today, which shows debt rising to 185 percent of GDP by 2052 under CBO’s...
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CBO Baseline Shows Troubling Long-Term Outlook
Read moreThe Congressional Budget Office (CBO) recently published its latest Budget and Economic Outlook covering fiscal years (FY) 2022 through 2032. In the...
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CBO Reports $63 Billion Deficit for May
Read moreThe United States borrowed $423 billion in the first eight months of fiscal year 2022, with a $63 billion deficit in May, according to the latest...
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CBO Updates Major Trust Fund Baselines
Read moreThe Congressional Budget Office (CBO) updated its projections last week on the financial status of the major trust funds for Medicare Hospital...
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Analysis of CBO's May 2022 Budget and Economic Outlook
Read moreToday, the Congressional Budget Office (CBO) released its May 2022 Budget and Economic Outlook, its first baseline in almost a year. CBO’s new...
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CBO Projects Record Debt, After Short Reprieve
Read moreFor Immediate Release The Congressional Budget Office (CBO) released its Budget and Economic Outlook today. CBO projects high rates of inflation will...
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CBO Releases May 2022 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its May 2022 Budget and Economic Outlook, its first baseline since July 2021. Under CBO's new...
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Addressing Tax Expenditures Could Raise Substantial Revenue
Read moreWhile the House and Senate each has put forth its own version of the Build Back Better Act reconciliation legislation, the offsets that will be...
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Two-Thirds of the “One Percent” Get a Tax Cut Under Build Back Better, Due to SALT Relief
Read moreLast month, we showed that the House-passed Build Back Better Act would cut taxes for roughly two-thirds of those earning more than $1 million per...
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UPDATE: Build Back Better Visualized
Read moreUPDATE 12/10: Since this analysis was published, the Congressional Budget Office (CBO) has issued a correction to their initial estimate of H.R. 5376...