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The Republican tax law will likely save the government billions on a crucial child healthcare program — but Congress still can't make a deal on it

The Congressional Budget Office (CBO) estimates that an extension of the Children's Health Insurance Program (CHIP) would cost the government $800 million over 10 years. An earlier projection put the cost at $8.2 billion, but the Republican...Show More Summary

Two Problems with the CBO’s Score of the DREAM Act and One Solution

The Congressional Budget Office (CBO) recently released a fiscal impact score for the DREAM Act.  It found that the DREAM Act would increase deficits by about $25.9 billion over the next decade.  There are at least two problems withShow More Summary

Premium Support: Coming Soon to a Medicare Plan Near You?

BY ROGER COLLIER Unnoticed by most of the media, the Congressional Budget Office recently released a report that could profoundly change American seniors’ healthcare coverage. The report updates a 2013 CBO analysis of the potential impact of switching Medicare to a premium support system. Under such a system private plans would compete with the traditional

McKinsey Global Institute Agrees With Trump Administration on Growth

One of the issues that has been raised in the debate over tax cuts is how fast the economy can grow. The Congressional Budget Office (CBO) is projecting growth averaging just 1.9 percent annually over the next decade. This is based on...Show More Summary

Senate Tax Bill: Middle Receives Largest Cuts

The distribution effects of the Senate tax bill are examined in a Washington Post story. Reporter Heather Long looks at the bill’s Obamacare mandate repeal, based on a new Congressional Budget Office (CBO) study. A table in the study...Show More Summary

The CBO Just Released Its Analysis of the Senate Tax Bill

Last night, the nonpartisan Congressional Budget Office released its analysis of the Senate tax bill. The report concludes that the GOP’s tax bill is bad for the poor from the get-go, and ends up eventually raising taxes on the middle class too. Per the Washington Post: By 2019, Americans earning less than $30,000 a year would be […]

The Republican Tax Plan Is Even More Devastating to the Poor Than Previously Thought

The latest CBO report finds Americans making less than $30,000 would be substantially worse off. A new analysis from the Congressional Budget Office updates its findings on the Senate Republicans' tax cuts bill, finding that it hits lower-income people much harder than originally estimated. Show More Summary

Senate Republican tax plan hurts the poor while cutting taxes for the rich, CBO finds

2 months agoLifestyle / Fashion : AOL: Style

The Senate Republican tax plan would harm the poor while slashing taxes for the rich, according to a report from the nonpartisan Congressional Budget Office published Sunday. A chart from the CBO report shows that the federal government raises revenues from the poorest Americans, while loses revenue on tax cuts for the richest Americans. Show More Summary

Mandates and hardship exemption thresholds

The Senate tax bill may be taking a whack at the individual mandate for health insurance.  There are two very different analysis of the impacts.  The Congressional Budget Office (CBO) thinks that this is a big deal.  They project a savings of $338 billion dollars over ten years and 13 million more people being uninsured.  […]

CBO: GOP Tax Plan Cuts $25 Billion from Medicare

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 CBO Takes Another Look at the Mandate and Deficit

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

Monkey business at the CBO?

(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

Repeal of individual mandate would increase uninsured, premiums: CBO

3 months agoNews : The Raw Story

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...

GOP Tax Plan Would Add $1 Trillion To National Debt, CBO Estimates

The House Republican tax reform plan would add $1.7 trillion to the U.S. national debt, according to the Congressional Budget Office.

CBO revises deficit estimate from Obamacare individual mandate repeal

3 months agoLifestyle / Fashion : AOL: Style

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

CBO report: Nuclear arsenal plans have a $1.2 trillion price tag

The Congressional Budget Office says about $400 billion of that will go toward modernization. Video provided by Newsy        

Modernizing America's Nuclear Arsenal May Not Be as Expensive as You Think

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

US nuclear arsenal to cost $1.2 trillion over next 30 years: CBO

3 months agoNews : The Raw Story

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...

CBO says $1.2 trillion needed for nuclear weapons overhaul

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 »

The Alexander-Murray bill does not solve all Obamacare’s problems

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.

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