CBO will publish a complete cost estimate for H.R. 5376, the Build Back Better Act, this afternoon. CBO has published 11 estimates for individual titles of the bill and will publish estimates for the remaining two titles this afternoon.
CBO Blog
CBO anticipates publishing a complete cost estimate for H.R. 5376, the Build Back Better Act (Rules Committee Print 117-18 incorporating a manager’s amendment by Congressman Yarmuth), by the end of the day on Friday, November 19.
This report presents CBO’s budget projections for 2022 to 2031 in the framework of the national income and product accounts, which differ in certain ways from revenues and outlays as shown in the federal budget.
CBO will release estimates for individual titles of the bill as we complete them. CBO is aiming to release an estimate for the entire bill as soon as practicable, but the exact timing is uncertain.
In fiscal year 2021, the federal deficit totaled nearly $2.8 trillion—about $360 billion less than in 2020, but nearly triple the shortfall in 2019. That deficit was equal to 12.4% of GDP, down from 15.0% in 2020, but up from 4.7% in 2019.
CBO examined how the benefits from major tax expenditures in the individual income tax and payroll tax systems were distributed among households in different income groups in 2019.
CBO describes how the Department of Veterans Affairs provides health care to many veterans through the Veterans Community Care Program and how that program has affected veterans’ access to care and other outcomes.
CBO’s Director, Phillip Swagel, discusses the agency’s budget and economic analysis during the pandemic.
The federal budget deficit was $2.8 trillion in fiscal year 2021, CBO estimates—$362 billion less than the deficit recorded in fiscal year 2020.
CBO examined three broad options for reconfiguring the military if funding for the Department of Defense was reduced by $1 trillion (in 2022 dollars), or 14 percent, over the next 10 years.