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- Report
CBO examines the status, federal support, and future potential of carbon capture and storage—a process that removes carbon dioxide from the emissions of power plants and industrial facilities and stores it permanently underground.
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CBO provides an introduction to the basics of satellites and constellations, describes the reasons for and consequences of the projected growth in large constellations, and discusses the costs of fielding those constellations.
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This report examines approaches to budgeting that would distinguish expenditures for investment in physical capital, education, and research and development from other expenditures.
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CBO assesses trends in spending for prescription drug research and development (R&D) and the introduction of new prescription drugs. CBO also examines factors that determine how much drug companies spend on R&D.
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CBO examines the falloff in entrepreneurship, its potential economic consequences, factors that have contributed to it, and ways that federal policies could be changed to reverse the trend.
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In 2018, the federal government spent $492 billion on investment—for physical capital, education and training, and research and development—which represented 12 percent of federal spending and 2 percent of GDP.
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CBO periodically issues a volume of options—this year’s installment presents 121—that would decrease federal spending or increase federal revenues. CBO’s website allows users to filter options by topic, date, and other categories.
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CBO found that the tax burden on intangible assets is lower than that on tangible assets. In CBO’s estimation, the 2017 tax act increases the tax burden on research and development but reduces it on most other intangible assets.
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Federal investment in physical capital, education, and research and development boosts private-sector productivity gradually. The overall macroeconomic and budgetary effects of federal investment depend on how that spending is financed.
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The Subcommittee on Environment and the Economy, House Committee on Energy and Commerce, convened a hearing at which CBO testified on the Nuclear Waste Policy Act. This document provides CBO’s answers to questions submitted for the record.