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Trend Results : Congressional Budget Office


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Wonk Wars

The Congressional Budget Office director’s odds of being reappointed might not be the single sexiest news story of the day. Then again, Republicans don’t need a story to be sexy in order to get themselves worked up about it. And right now the brewing conflict over who will lead the CBO is just one of a growing number of potential rifts among the Republican rank and file.

Why Do Some Advocates of Small Government Want to Keep a Democrat Appointee at CBO?

Daniel J. Mitchell Since I’ve accused the Congressional Budget Office of “witch doctor economics and gypsy forecasting,” it’s obvious I’m not a big fan of the organization’s approach to fiscal analysis. I’ve even argued that Republicans...Show More Summary

The Insiders: The Democrats’ economic failures will follow them to 2016

There is an excellent editorial in the Wall Street Journal today titled “More Redistribution, Less Income,” which summarizes the findings of a recently updated Congressional Budget Office report, “The Distribution of Household Income and Federal Taxes, 2011.” The WSJ piece shines a harsh light on the failed arithmetic of America’s tax and redistribution system under […]

CBO Study Undercuts Piketty’s Analysis

The Congressional Budget Office (CBO) has released its annual study on the distribution of household income and federal taxes. (See here.) The numbers are for 2011 (latest available data.) A valuable feature of the study is that CBOShow More Summary

The Congressional Budget Office Has Consistently Over-Estimated the Cost of Obamacare

A Washington Post editorial argued that the Republicans would be best-served by re-appointing Doug Elmendorf as the director of the Congressional Budget Office (CBO) rather than picking someone who is a conservative ideologue. The basis...Show More Summary

Elmendorf for CBO Director

Roll Call speculates about who the next director of the Congressional Budget Office might be. This is a key decision facing the newly elected GOP-controlled Congress. After giving a talk at CBO on Thursday and participating in its Academic...Show More Summary

Wait! The right wants a new CBO director after all.

Well, that didn't take long. After a series of highly-regarded conservatives voiced their support for Doug Elmendorf, the director of the Congressional Budget Office whose term is up in January, Elmendorf haters fired back on Friday, urging Republicans to jettison the Democratic appointee as soon as possible. Why? Because he is not a "superb economist" or […]

Those Who Understand ObamaCare Best Like It Most

Incidental Economist: These are early days, but so far the Affordable Care Act is working. Rates of uninsured persons are down. Millions of people are enrolling. The Congressional Budget Office thinks that it will cost less than they originally projected.... Show More Summary

CBO: Options for Reducing the Deficit, 2015 to 2024

Congressional Budget Office, Options for Reducing the Deficit: 2015 to 2024: This document provides estimates of the budgetary savings from 79 options that would decrease federal spending or increase federal revenues over the next decade. 36 of these 79 options are tax increases: Individual Income Tax Rates 1. Increase Individual...

Why the right loves the Democrat who runs the Congressional Budget Office

Even before Republicans won full control of Congress, there was a lot of scary talk from liberals about the damage they might do to that nonpartisan mediator, the Congressional Budget Office. The director's job will be open in January, and speculation has been rampant about which far-right economist the GOP chairmen of the House and […]

Explainer: What Gruber meant when he said ‘if CBO scored the mandate as taxes, the bill dies’

“This bill was written in a tortured way to make sure the CBO [Congressional Budget Office] did not score the mandate as taxes. If CBO scored the mandate as taxes, the bill dies.” –MIT economist Jonathan Gruber, captured on videotape What did Gruber mean when he uttered this words in a now-infamous video that has […]

Federal Taxes in the United States Are Progressive

The top 20 percent of taxpayers pay a disproportionate share of federal income taxes and total federal taxes, according to a new report by the Congressional Budget Office on the distribution of household income and federal taxes. (For...Show More Summary

‘Elmendorf for CBO Director,’ Greg Mankiw Says

Greg Mankiw, chairman of Harvard University’s economics department, would like to see Douglas Elmendorf stay as director of the Congressional Budget Office.

60% Of Households Get More Benefits Than They Pay In Taxes

Authored by Mark Perry at AEI via Contra Corner blog, The Congressional Budget Office (CBO) just released its annual report on “ The Distribution of Household Income and Federal Taxes ” analyzing data through 2011 on American household’s:...Show More Summary

Top 1% of Americans Earned 15% of Income, Paid 24% of Federal Taxes in 2011, CBO Says

The top 1% of U.S. households earned 14.6% of all income but paid 24% of all federal taxes in 2011, up from 8.9% and 14.2% in 1979, according to new data released by the Congressional Budget Office.

CBO: The Distribution of Household Income and Federal Taxes, 2011

Congressional Budget Office, The Distribution of Household Income and Federal Taxes, 2011: Overall, federal taxes are progressive, meaning that average tax rates generally rise as income increases. Households in the lowest income quintile paid about $500 in federal taxes in 2011, on average, which amounted to an average federal tax...

Sessions Says CBO Pick ‘Will Need to Be Discussed’

Sen. Jeff Sessions (R., Ala.) suggested Wednesday that Republicans could seek to replace Congressional Budget Office Director Douglas Elmendorf when his term expires in January. The comments are significant because Sessions could have a key role in selecting a replacement.

Who Will Run CBO Next?

Republicans face a crucial decision in the coming weeks when they decide who will run the Congressional Budget Office. Here are some people said to be under consideration for the post.

Who Will the GOP Pick to Run CBO?

Republicans face a crucial decision in the coming weeks when they decide who will run the Congressional Budget Office. Here are some people said to be under consideration for the post.

MIT prof Jonathan Gruber is sorry he was transparent about the lack of transparency in getting Obamacare passed.

He wants us to know that he was speaking at an academic conference and "off the cuff," when he said:This bill was written in a tortured way to make sure CBO did not score the mandate as taxes. If [Congressional Budget Office] scored the mandate as taxes, the bill dies. Show More Summary

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