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- Report
Enactment of the President’s proposals would, CBO and the staff of the Joint Committee on Taxation estimate, result in deficits totaling $5.2 trillion between 2014 and 2023, $1.1 trillion less than the cumulative deficit in CBO’s baseline.
- Data and Technical Information
Estimates of Proposals
- Blog Post
Following the release of CBO’s analysis of the President’s FY 2014 budget, in today’s blog post, Director Doug Elmendorf compares the President’s plan with Congressional budget plans.
- Blog Post
CBO plans to release its updated 10-year baseline budget projections on Tuesday, May 14. The agency’s analysis of the budgetary outlook under the President’s proposals will be available on CBO’s website Friday afternoon, May 17.
- Blog Post
In mid-May, CBO will issue two reports: one showing its projections of federal revenues and spending over the next 10 years if the President's proposals are adopted; and the other providing updated 10-year baseline projections.
- Report
In its analysis of the President’s proposals excluding any macroeconomic effects, CBO concluded that the federal budget deficit would equal $1.3 trillion in fiscal year 2012 and would decline to about $1.0 trillion in 2013.
- Blog Post
Today CBO released the second part of its analysis of the President’s 2013 budget—the proposals’ potential effects on the economy and, in turn, the impact of those economic effects on the budget. Last month, CBO released the first part of its analysis—the proposals’ budgetary impact without considering their effects on the economy.
- Blog Post
Each year, after the President releases his annual budget request in February, CBO analyzes the budget proposals and, using its own estimating procedures and economic assumptions, projects what the federal budget would look like over the next 10 years if those proposals were adopted. CBO usually provides those results in two parts.
- Report
The analysis is based on CBO's economic projections and estimating techniques (rather than the Administration's) and incorporates estimates by the staff of the Joint Committee on Taxation for the President's tax proposals.
- Report
CBO and JCT analyzed the budgetary impacts of the proposal in the President's budget for fiscal year 2012 to increase IRS appropriations by $13 billion over the next decade to fund initiatives to enhance tax compliance.