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- Blog Post
Unemployment insurance benefits topped $150 billion during 2010—when the annual unemployment rate peaked at 9.6 percent—up from $33 billion in fiscal year 2007.
- Report
Between 2007 and 2010, unemployment benefits expanded nearly five-fold owing to high unemployment due to the weak economy, and decisions by policymakers to increase the number of weeks for which unemployed workers could receive benefits.
- Data and Technical Information
In this document, the Congressional Budget Office (CBO) illustrates effective marginal tax rates under the tax and transfer systems for hypothetical families consisting of a single parent with one child, a married taxpayer with two children, and a single taxpayer with no children. These illustrations supplement the analysis of effective marginal tax rates (hereafter, marginal tax rates) faced by a hypothetical single parent with one child described in Effective Marginal Tax Rates for Low- and Moderate-Income Workers.
- Blog Post
This afternoon CBO released a new report on Effective Marginal Tax Rates for Low- and Moderate-Income Workers.
- Report
Effective marginal tax rates among low- and moderate-income workers are about 30 percent, on average, with about one-third of that rate stemming from the federal income tax, more than a third from federal payroll taxes, and the remainder from state income taxes and the phaseout of SNAP benefits.
- Report
For fiscal year 2013, the Department of Defense (DoD) requested about $150 billion to fund the pay and benefits of current and retired members of the military. That amount is more than one-quarter of DoD’s total base budget request.
- Blog Post
Although much of the analysis that CBO undertakes is very technical in nature, the agency works hard to explain the basis for its findings so that Members of Congress, their staff, and outside analysts can understand the results and question the methods used. To that end, CBO just released a report, How the Supply of Labor Responds to Changes in Fiscal Policy, that explains an important aspect of the agency’s analysis.
- Working Paper
Review of Estimates of the Frisch Elasticity of Labor Supply
- Working Paper
A Review of Recent Research on Labor Supply Elasticities
- Report
In choosing how much to work, people respond to incentives that are partly determined by taxes on income from that work and by government benefits that vary with income. Those responses play a critical role in CBO’s analysis.