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- Blog Post
CBO and the staff of the Joint Committee on Taxation (JCT) have prepared an estimate of the budgetary effects of H.R. 4213, the American Jobs and Closing Tax Loopholes Act, as posted on the Web site of the Committee on Ways and Means on May 20, 2010. CBO and JCT estimate that the legislation would increase budget deficits by about $123 billion for fiscal years 2010 and 2011, by about $141 billion over the 2010-2015 period, and by about $134 billion over the 2010-2020 period.
- Working Paper
Corporate Tax Incidence: Review of General Equilibrium Estimates and Analysis: Working Paper 2010-03
Corporate Tax Incidence: Review of General Equilibrium Estimates and Analysis
- Blog Post
Last week I spoke at the 35th annual Forum on Science and Technology Policy held by the American Association for the Advancement of Science. My presentation on the economic and budget outlook was part of a session on the “budgetary and policy context for research and development.”
- Presentation
Presentation by CBO Director Doug Elmendorf to the 35th Annual AAAS Forum on Science and Technology Policy
- Presentation
CBO Deputy Director Robert Sunshine's presentation to the Fiscal Commission
- Report
Letter to the Honorable Maurice D. Hinchey
- Report
Additional information about potential effects on discretionary spending, letter to the Honorable Jerry Lewis
- Blog Post
Today CBO provided some additional information about the potential effects of H.R. 3590, the Patient Protection and Affordable Care Act (PPACA, Public Law 111-148), on discretionary spending (that is, spending that is funded through the annual appropriation process). This information updates and expands upon the analysis of potential discretionary spending under PPACA that CBO issued on March 15, 2010.
- Report
Based on the Monthly Treasury Statement for March and the Daily Treasury Statements for April.
- Blog Post
In the first seven months of fiscal year 2010, the federal government incurred a budget deficit of about $800 billion, the same as the shortfall at the same point in 2009, CBO estimates in its latest monthly budget review. Outlays and revenues alike are lower than they were last year at this time, by 3 percent and 4 percent, respectively. At the end of the spring tax-filing season, receipts of individual income taxes were less than CBO anticipated, but receipts of corporate taxes were greater.