Last week, I gave a talk at Princeton and participated in some classes on health care taught at the Woodrow Wilson School by Bill Frist. Here are the slides and video from the talk. But the highlight of the trip was the classroom interaction with the students. Their intelligence, diligence, and enthusiasm were quite encouraging, and I hope many of them will enter public service in some form and help to address the problems we discussed.
CBO released its full analysis of the President's budget today, following up on a preliminary analysis we issued earlier this month.The budget estimates are the same as in that preliminary analysis, but today's report includes a discussion of macroeconomic effects of the President's budget along with other details.
CBO issued a letter today responding to a request from the Chairman of the House Budget Committee. In December 2007, we issued a report on the nation's 75-year fiscal gap (roughly speaking, the gap between the present value of projected spending and projected revenue, as a share of GDP).
As I have noted earlier, I will occasionally use this blog to clarify misinterpretations of our work. On that note, some recent blog postings seem to warrant a clarification of the main points in CBO
CBO, with contributions from the Joint Committee on Taxation, released an analysis of the Presidents budget submission for fiscal year 2009 this morning. (I will be summarizing our analysis at a conference held by the National Association for Business Economists today.) A report that presents the full analysis of the President's budget, including CBOs assessment of its macroeconomic effects, will be published on March 19.
I'm speaking today at a conference held by the Tax Policy Center and the American Tax Policy Institute on "Taxes and Health Insurance: Analysis and Policy." The slides for my talk and the audio from the sessionare posted here. They summarize CBO's analysis (based in part on revenue estimates from the Joint Committee on Taxation) of the Administration's 2007 proposal to alter the tax incentives associated with health insurance.
I spoke this past weekend about long-term care -- a topic of particular concern to many governors given the role of Medicaid in its financing -- at the National Governors Association Winter Meeting. My slides from the NGA talk are posted here, and the webcast from the session is here. CBO has done important work on long-term care; see for example the study authored by Stuart Hagen of our Health and Human Resources Division in 2004.
CBO released a report today on the deductibility of state and local taxes on federal income tax returns, which provides an indirect federal subsidy to the state and local governments that levy deductible taxes. The state and local tax deduction reduced federal revenues by an estimated $50 billion in fiscal year 2007.