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- Report
Over the next 10 years, the cumulative deficit under the President’s proposals would be $3.0 trillion less than the $12.4 trillion in CBO’s baseline. The deficit would average 3.7 percent of GDP, CBO estimates.
- Blog Post
CBO works with the staff of the Joint Committee on Taxation each year to estimate the budgetary effects of the changes to spending programs and the tax code proposed in the President’s budget.
- Report
Under the President’s proposals, budget deficits from 2018 through 2027 would total nearly one-third less than those in CBO’s baseline projections, ranging between 2.6 percent and 3.3 percent of GDP, down from 3.6 percent in 2017.
- Blog Post
CBO will release its updated 10-year budget and economic projections on Thursday, June 29, at 2:00 p.m. CBO’s most recent projections can be found in The Budget and Economic Outlook: 2017 to 2027, which was released in January.
- Working Paper
This paper examines various factors that affect estimates made by CBO and the staff of the Joint Committee on Taxation of the budgetary savings from tax compliance proposals.
- Report
This glossary defines various budgetary and economic terms that are commonly used in reports produced by CBO.
- Presentation
Slides describing the circumstances under which CBO estimates the revenue effects of changes in funding for tax enforcement and the factors that affect those estimates.
- Report
The President’s budget proposals would make U.S. output larger over the next decade than it would be under current law—mostly by changing immigration laws. The economic effects would affect the budget in ways that would reduce deficits.
- Report
CBO and the staff of the Joint Committee on Taxation (JCT) project that, between 2017 and 2026, the President’s budget would result in deficits averaging 3 percent of GDP and totaling $6.9 trillion, $2.4 trillion less than CBO’s baseline.
- Data and Technical Information