If the House GOP tax plan passes, it is projected to cut revenue significantly, likely increasing the deficit by $1.456 trillion from 2018 to 2027, according to the Joint Committee on Taxation and Congressional Budget Office (CBO). With...Show More Summary
The Congressional Budget Office released its updated estimate on the effects of repealing the ACA’s individual mandate last night. Its differences from the previous report, issued in December, have raised eyebrows as they show a smaller...Show More Summary
(Paul Mirengoff) The mainstream media almost never mentions the Congressional Budget Office without adding the adjective “non-partisan.” But the CBS is staffed by folks who, in real life, are probably partisan. And given the pool from which its staff is drawn, most very likely are partisan Democrats. Show More Summary
The Congressional Budget Office said on Wednesday that repealing the Obamacare individual mandate would increase the number of uninsured by 13 million by 2027 and reduce the federal budget deficit less than initially forecast. The CBO, the nonpartisan budget-scoring agency, said that eliminating...
The House Republican tax reform plan would add $1.7 trillion to the U.S. national debt, according to the Congressional Budget Office.
WASHINGTON, Nov 8 (Reuters) - The Congressional Budget Office on Wednesday said that repealing the individual mandate for health insurance would reduce the federal budget deficit less than first forecast as it readied a revised analysis of a policy shift favored by Republicans. Show More Summary
The Congressional Budget Office says about $400 billion of that will go toward modernization. Video provided by Newsy
Matthew R. Costlow Security, North America A new Congressional Budget Office report sheds light on the issue. A recent CBO report takes on the commonly-heard myths of nuclear modernization in the United States. The Congressional Budget...Show More Summary
Modernizing and maintaining the U.S. nuclear arsenal over the next 30 years will cost more than $1.2 trillion, according to a report released on Tuesday by the Congressional Budget Office. The report said current plans for the modernization of the aging planes, ships and missile silos that make up...
The Congressional Budget Office on Tuesday put a $1.2 trillion price tag on a long-term plan to modernize the U.S. nuclear arsenal that President Donald Trump inherited from the Obama … Click to Continue »
ON OCTOBER 25th the Congressional Budget Office (CBO) released its score of the Bipartisan Health Care Stabilisation Act, the cross-party effort by two senators, Lamar Alexander of Tennessee and Patty Murray of Washington, to shore up troubled health-insurance markets.
Each Republican health-care plan has been eviscerated by the Congressional Budget Office (CBO), which exposed huge tax cuts for the rich, loss of health-care coverage for tens of millions of Americans and increased premiums for older, more rural Americans. Finally, a Republican has gotten a boost from the CBO. Sens. Lamar Alexander (R-Tenn.) and Patty […]
Campaign Action Oh, hey. A healthcare bill has gotten a good report from the Congressional Budget Office—quite a novelty here in 2017. And look, it’s the bipartisan effort to stabilize the Obamacare markets! A bipartisan deal to shore...Show More Summary
There’s good news and bad news in the Congressional Budget Office’s analysis of the bipartisan Senate deal to save some Obamacare provisions from President Trump and his wrecking crew. The good news is that the so-called Alexander-Murray compromise, named after its godparents, Sens. Lamar Alexander...
WASHINGTON (AP) — The federal government ran a $668 billion budget deficit for the just-completed 2017 fiscal year. That's $82 billion more red ink than the government produced last year. The Congressional Budget Office based its findings...Show More Summary
When George W. Bush proposed a major $1.6 trillion tax cut in 2001, the Congressional Budget Office (CBO) was projecting a 5.6 trillion budget surplus over the next decade. Fast forward to Donald Trump's plan for a sweeping $1.5 trillion...Show More Summary
Republicans are catching flak for trying to rush through the Graham-Cassidy bill before getting a score from the Congressional Budget Office. But really, what’s to learn? We already know that any bill that abolishes the individual mandate,...Show More Summary
Congressional Budget Office, An Analysis of Corporate Inversions (Sept. 18, 2017): U.S. multinational corporations—businesses incorporated and operating in the United States that also maintain operations in other countries—can use a variety of strategies to change how and where their income is taxed. One such strategy is a corporate inversion, which...
As Senate Republicans push their latest Obamacare repeal bill toward a quick vote, congressional Democrats are asking the Congressional Budget Office to offer the public “a full understanding of the impact this legislation would have on hard-working families.” House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer, joined by Rep. Show More Summary
Lawmakers on Capitol Hill are pushing for a fast analysis of Republicans' latest attempt to repeal and replace the Affordable Care Act. In a letter to the Congressional Budget Office (CBO) on Monday, Senate Minority Leader Chuck Schumer...Show More Summary