The Congressional Budget Office has a new report looking at the return of federal investment in transportation and research. The bottom line is that the return is not so much
A recent Congressional Budget Office (CBO) report found household incomes still have not recovered from the recession. What has gone wrong? Some liberal analysts believe they know. They point to data from the Bureau of Labor Statistics (BLS) that track’s the proportion of income going to labor (instead of capital). Show More Summary
Back in January, when the Congressional Budget Office (CBO) issued its annual Budget and Economic Outlook, the Washington Post and other deficit hawk types seized on the projections of rising deficits and debt to GDP ratios in the latter part of its 10-year projections. Show More Summary
A new Congressional Budget Office report does a nice job of busting some of the most persistent tax myths of both the political left and...
Last week, the Congressional Budget Office released an annual publication, titled “The Distribution of Household Income and Federal Taxes, 2013.” This excellent report details the amount that different households pay in federal taxes,...Show More Summary
Congressional Budget Office, The Distribution of Household Income and Federal Taxes, 2013: In 2013, according to the Congressional Budget Office’s estimates, average household market income— a comprehensive income measure that consists...Show More Summary
Max Ehrenfreund passes along the latest from the Congressional Budget Office today: Here’s proof President Obama really did reduce inequality Income inequality declined abruptly in 2013 after President Obama and Congress negotiated an increase in taxes on the wealthiest Americans, according to new federal data. Show More Summary
The Top 1% in recent decades have watched their salaries increase by 188% while the middle class and lower-income Americans experienced wage growth of just 18%, according to new government data from the Congressional Budget Office. The outsized earnings by the top 1% helped to increase the inequality gap between Americans. Show More Summary
The Congressional Budget Office (CBO) has recently published their Macroeconomic Analysis of the President’s 2017 Budget. In it the CBO assessed four major topics including changes to the tax code, increased spending to reduce the federal...Show More Summary
That headline sure sounds geeky. But if you have any interest in future tax reform, immigration reform, or health care reform, the way the Congressional Budget Office scores the budgetary effects of major legislation matters--a lot. And yesterday CBO issued a supplemental analysis of President Obama’s budget that included a [...]
By KOFI JONES The Congressional Budget Office (CBO) was created in 1974. Its task is to conduct economic analysis of the budget, and, when asked by Congress, to provide fiscal estimates of the potential impact of any given legislative proposal. This is commonly known as “scoring.” Advocates for meaningful and important changes in American domestic
The Department of Energy’s 2017 budget request was released back in February, and is now awaiting congressional approval. The request included $261 million for the Advanced Manufacturing Office (AMO), the part of DOE that focuses on energy use in the manufacturing sector. Show More Summary
Andrew Ross Sorkin writes in the New York Times: In 2014, the Congressional Budget Office released a report estimating that the Affordable Care Act would “reduce the total number of hours worked, on net, by about 1.5 percent to 2.0 percent during the period from 2017 to 2024” — a seemingly disastrous outcome for the economy. Show More Summary
The US Department of Defense has added $3.4 billion to the costs of its 30-year-long program to build six new super nuclear-powered Ford-class aircraft carriers, the Congressional Budget Office (CBO) noted in a report.
The Congressional Budget Office estimates that crop subsidies will surge to approximately $10.2 billion this year, almost $3 billion more than during the 2015-2016 fiscal year.
So, the Congressional Budget Office had an update on the 2016 projections regarding Americans being insured by the Affordable Care Act. They were...
David Wessel: The latest Congressional Budget Office baseline projections suggest that, without new tax or spending legislation, interest will account for more than 13% of all federal outlays in 2026.
Submitted by Jeffrey Anderson WeeklyStandard.com, Three years ago, on the eve of Obamacare’s implementation, the Congressional Budget Office (CBO) projected that President Obama's centerpiece legislation would result in an average of 201 million people having private health insurance in any given month of 2016. Show More Summary
The Congressional Budget Office says the overall cost of insurance coverage will be higher than was predicted last year, but much lower than was expected in 2010.
The Tax Foundation has highlighted in past blog posts how both Congressional Budget Office and Treasury data show that the current U.S. tax and transfer system is very progressive. In a new paper, Laurence Kotlikoff of Boston University...Show More Summary