Long-Term Budget OutlookJune 30, 2010 |
Estimates of Average Federal Tax RatesJune 18, 2010Yesterday CBO released estimates of average federal tax rates—households’ federal tax liability divided by their income—in 2007 for households with various amounts of income. For each income category, the report also presents estimates of average before-tax and after-tax household income; the number of households; and that category’s share of taxes and income.
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Presentation on Defense Spending to the National Commission on Fiscal Responsibility and ReformJune 11, 2010 |
CBO’s Race for the Cure TeamJune 7, 2010CBO’s greatest asset is its staff, committed not only to its important work supporting the Congress, but also to significant causes outside the office.
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Federal Budget Deficit Was $941 Billion During the First Eight Months of Fiscal Year 2010June 5, 2010 |
Lenny Skutnik, CBO's Most Famous Employee, RetiresJune 3, 2010Lenny Skutnik is a household name belonging to an unassuming Congressional Budget Office employee who insists he “wasn’t a hero” when one winter day in 1982 he jumped from the shore into the icy Potomac River to save a drowning woman after an Air Florida flight crashed on takeoff. “I was just someone who helped another human being,” Lenny said later. While his rescue of Priscilla Tirado that day was extraordinary, Lenny has been helping the employees at CBO for more than 30 years.
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Letter to a Seventh GraderJune 3, 2010A short time ago, I received an interesting letter from a young man in Michigan asking about federal budget deficits. I thought that perhaps other students would be interested in the kinds of questions he asked and how I answered him, so I’ve decided to share my letter to him with all of you. Here’s what I wrote:
1. What are the primary causes of the current federal budget deficits?
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