CBO Blog

  • November 3, 2011

    This morning Jeffrey Kling, CBO’s Associate Director for Economic Analysis, spoke at the Annual Fall Research Conference of the Association for Public Policy Analysis & Management. His presentation—which can be viewed below—focused on CBO’s use of evidence in the analysis of budget and economic policies.

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  • November 3, 2011

    During the past decade’s operations in Afghanistan and Iraq, the U.S. military has come to rely heavily on the continuous presence overhead of both manned and unmanned aircraft.

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  • October 31, 2011

    One issue that complicates discussions of discretionary spending—including the question-and-answer portion of my testimony to the deficit-reduction committee—is the difference between “funding” and “outlays.” That difference, which I’ll explain in a moment, may seem rather technical, but it turns out to be very important in understanding the recent p

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  • October 28, 2011

    The U.S. military has come to rely on the Global Positioning System (GPS) to conduct many of its operations. The Department of Defense (DoD) is modernizing the system—in part to better counter deliberate interference—by purchasing new satellites and upgrading the systems that control the satellites.

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  • October 26, 2011

    This morning, for a second time, I testified before the Joint Select Committee on Deficit Reduction—the body created under the recently enacted Budget Control Act (Public Law 112-25) to propose further deficit reductions.

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  • October 25, 2011

    From 1979 to 2007, real (inflation-adjusted) average household income, measured after government transfers and federal taxes, grew by 62 percent.

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  • October 18, 2011

    The deductibility of charitable donations has been a feature of the U.S. individual income tax almost as long as the modern income tax has been in existence. Although the deduction encourages charitable giving, like other forms of preferential tax treatment, it results in a loss of revenue to the federal government.

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  • October 17, 2011

    On Friday, the Secretary of Health and Human Services (HHS) announced that the department does not plan to implement the Community Living Assistance Services and Supports (CLASS) long-term care insurance program under current law. A number of people have inquired about whether and how CBO will reflect that statement in its budget projections and cost estimates for legislation.

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  • October 14, 2011

    Just over half (52 percent) of all workers who filed tax returns in 2006 participated in some form of tax-favored retirement plan, CBO reports—in a study released today.

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  • October 7, 2011

    This afternoon CBO released a cost estimate for S. 1549, the American Jobs Act of 2011, as introduced by Senate Majority Leader Harry Reid on September 13, 2011. That legislation corresponds to the plan put forth by President Obama.

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