CBO/JCT
Latest
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CBO Projects Record Debt, After Short Reprieve
For 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
The 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
While 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
Last 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
UPDATE 12/10: Since this analysis was published, the Congressional Budget Office (CBO) has issued a correction to their initial estimate of H.R. 5376...
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Build Back Better Act Score Highlights Need for Improvements
For Immediate Release Today, the Congressional Budget Office (CBO) published its full score and estimate of the House Build Back Better Act ( see our...
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An Update on Build Back Better Offsets
We have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here. Last week, the White House estimated...
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No Score, No Vote
For Immediate Release The House apparently intends to vote on the latest version of the Build Back Better Act as soon as this week, despite that fact...
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A $2.8 Trillion Budget Deficit
For Immediate Release The Congressional Budget Office released its final monthly budget review of fiscal year (FY) 2021 today, concluding the budget...
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No Score, No Vote: House Should Not Vote on Reconciliation Without a Score
For Immediate Release Speaker Nancy Pelosi (D-CA) recently called for the House of Representatives to pass its reconciliation bill, the Build Back...
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Ways and Means Proposes $1.3 Trillion of Tax Breaks, $2.3 Trillion of Tax Hikes
UPDATE (9/13/2021): The Joint Committee on Taxation has released a full score of the revenue proposals, including the revenue-raising items. The table...
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CBO Estimates $120 Billion from IRS Funding Boost
Today, the Congressional Budget Office (CBO) published an estimate of the revenue effects of President Biden’s proposal to increase Internal Revenue...