CBO has been asked for additional information about the projected effects of the Patient Protection and Affordable Care Act (PPACA), the pending health care reform legislation, on the federal budget and on the balance in the Hospital Insurance (HI) trust fund, from which Medicare Part A benefits are paid.
CBO has discovered an error in the cost estimate released yesterday related to the longer-term budgetary effects of the managers amendment to the Patient Protection and Affordable Care Act. Correcting that error has no impact on the estimated effects of the legislation during the 20102019 period.
CBO and the JCT have released an analysis of the budgetary effects of the Patient Protection and Affordable Care Act, Senate Amendment 2786 in the nature of a substitute to H.R. 3590.
The federal government uses a linked set of three taxes on estates, gifts, and generation-skipping transfers to tax transfers of wealth at each generation and to limit the extent to which wealth can be given away during life to avoid taxation at death. A scheduled temporary repeal of the estate tax in 2010 has raised interest in modifying such taxes on transfers of wealth.
Yesterday CBO released a cost estimate for S. 1733, the Clean Energy Jobs and American Power Act, which was ordered reported by the Senate Committee on Environment and Public Works on November 5, 2009.
Yesterday CBO issued a cost estimate for H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, as amended and reported on Tuesday by the House Committee on Rules.
Last week, I gave a presentation on the "Exit Strategy for Fiscal Policy" at the fall meeting of the Group of Thirty, an international group of current and former policymakers and academic researchers that meets twice a year to discuss economic, financial, and policy developments around the world.
Just before Thanksgiving, I was the opening speaker at the fall symposium of the AABPA.