Taxes
- Blog Post
CBO’s Current Projections of Output, Employment, and Interest Rates and a Preliminary Look at Federal Deficits for 2020 and 2021
CBO discusses its preliminary projections of key economic variables and its preliminary assessments of federal budget deficits and debt through 2021. The amounts include the effects of legislation enacted in response to the pandemic.
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CBO Releases Infographics About the Federal Budget in Fiscal Year 2019
View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2019, as well as broader trends in the budget over the past few decades.
- Blog Post
Recent Changes in CBO’s Projections of Corporate Income Tax Revenues
CBO has reduced its projections of corporate income tax receipts for the 2020–2029 period by $127 billion (or about 4 percent). That change from the agency’s August 2019 projections arose from several sources.
- Blog Post
Director’s Statement on The Budget and Economic Outlook: 2020 to 2030
This afternoon I briefed the press about the Congressional Budget Office’s new report, The Budget and Economic Outlook: 2020 to 2030. It shows deficits that are slightly larger over the next 10 years and notably larger over the next 30 years than those that CBO previously projected.
- Blog Post
CBO to Release Budget and Economic Outlook on January 28
CBO will release its annual Budget and Economic Outlook at 2:00 p.m. ET on Tuesday, January 28. The report will include updated economic and budget projections spanning the period from 2020 to 2030.
- Blog Post
CBO Releases an Interactive Tool and Related Computer Code for Analyzing the Effects of Federal Minimum-Wage Increases
This tool demonstrates the effects of policies that would increase the federal minimum wage. Users can also create custom policy options to examine how different approaches to changing the minimum wage would affect earnings, employment, family income, and poverty.
- Blog Post
A Presentation on CBO’s Latest Budget and Economic Projections
In a presentation before the Treasury Borrowing Advisory Committee, CBO Director Phillip Swagel spoke about CBO’s latest 10-year budget and economic projections.
- Blog Post
Presentations on CBO’s Latest Budget and Economic Projections
CBO Director Phill Swagel spoke about the agency's latest 10-year budget and economic projections at an event hosted by the Center for Strategic Tax Reform and on a panel discussion at IHS Markit’s 2019 Economic Policy Summit. CBO's Director discussed many of the same issues last week in a presentation at PwC.
- Blog Post
Director’s Statement on An Update to the Budget and Economic Outlook: 2019 to 2029
Today, CBO released An Update to the Budget and Economic Outlook: 2019 to 2029. In that report, we provide our latest projections of the federal budget and the U.S. economy under current law for this year and the decade that follows.
- Blog Post
Background for the Director’s Remarks to the Aspen Economic Strategy Group
On Monday, July 29, CBO Director Phill Swagel will speak to the Aspen Economic Strategy Group about the long-term fiscal challenges facing the nation. This blog post is provided to the members of the audience as background for those remarks.