CBO Blog


VA health system: interim report December 21, 2007
Housing price-rental ratios December 21, 2007
Corporate tax receipts December 18, 2007 As I mentioned in a previous post, corporate tax receipts have recently appeared relatively weak: in each of the past five months, payments of corporate receipts have experienced notable year-over-year declines. December may turn out to reverse that trend, however, and December is a relatively important month for corporate receipts.
Comparative effectiveness options in health care December 18, 2007
Medicare/SCHIP extenders bill December 18, 2007
Implications of defense plans over the long term December 13, 2007
Long-term budget outlook December 13, 2007 This morning, CBO released its new long-term budget outlook and I am testifying before the House Budget Committee on our report. The report presents 75-year projections of federal spending and revenues under two alternative sets of assumptions, each of which represents a possible interpretation of current fiscal policy.
Health care and the budget - WSJ December 12, 2007
Effective tax rates December 11, 2007 CBO released an update on effective tax rates today, which provides data for the 2005 calendar year. In 2005, the overall effective tax rate (the ratio of federal taxes to household income) rose to 20.5 percent from 20.1 percent in 2004, reflecting a rise in the effective individual income tax rate and the effective corporate income tax rate.
SCHIP funding to maintain current programs December 10, 2007 Throughout this year, the Congress has been considering possible extensions of the State Children's Health Insurance Program (SCHIP). CBO today released new estimates of the federal SCHIP funding necessary to maintain the current programs operated by states -- which some observers refer to as the SCHIP "shortfall" -- relative to the baseline funding level of $5.0 billion.
Health care activities at CBO December 10, 2007 Later this week, CBO will be releasing its new Long-Term Budget Outlook. Perhaps the single most important variable affecting the nation's long-term fiscal outlook is the rate at which health care costs will grow in the future. Over the past 30 years, total national spending on health care has more than doubled as a share of GDP. According to the projections we released last month in our Long-Term Outlook for Health Care Spending, that share will double again by 2035, claiming more than 30 percent of GDP.
Monthly budget review December 6, 2007
Immigration and state/local budgets December 6, 2007
Macro outlook December 5, 2007 I am testifying before the House Budget Committee this morning on economic conditions and the budget. CBO will not be releasing an updated macroeconomic forecast until January, when we release our next Economic and Budget Outlook, so the testimony doesn't have any specific projections for the macroeconomic outlook.
Welcome! December 5, 2007