Taxes
- Presentation
The Economy and the Budget
Presentation by Phillip Swagel, CBO’s Director, to the Prosperity Caucus.
- Report
Legislation Enacted in the Second Session of the 117th Congress That Affects Mandatory Spending or Revenues
CBO estimates that the effects on mandatory spending and revenues of laws enacted in 2022 will add about $810 billion to deficits from 2022 to 2032—the net result of a $900 billion increase in outlays and a $90 billion increase in revenues.
- Presentation
The Budget, the Economy, and the Budgetary Effects of Legislative Changes
A briefing by Phillip Swagel, CBO’s Director, for the U.S. House of Representatives.
- Cost Estimate
H.J. Res. 30, Providing for Congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights"
As posted on the Website of the House Committee on Rules on
February 23, 2023 - Presentation
A Presentation on The Budget and Economic Outlook: 2023 to 2033
Presentation by Phillip Swagel, CBO’s Director, to the Committee for Economic Development of the Conference Board.
- Interactive
How Changes in Revenues and Outlays Would Affect Debt Service, Deficits, and Debt
This interactive workbook allows users to see how revenues and outlays that differed from those in CBO’s February 2023 baseline budget projections would increase or decrease net interest costs and thus affect deficits and debt.
- Presentation
CBO’s Projections of Realized Capital Gains Subject to the Individual Income Tax
This slide deck provides additional information about CBO’s February 2023 baseline projections of capital gains realizations, which decrease from an estimated high of 8.7 percent of GDP in 2021 down to 3.7 percent of GDP by 2033.
- Blog Post
Director’s Statement on the Budget and Economic Outlook for 2023 to 2033
CBO Director Phillip Swagel discusses the current budget and economic outlook.
- Report
Federal Debt and the Statutory Limit, February 2023
CBO projects that, if the debt limit is not raised or suspended, the government’s ability to issue additional debt—other than to replace maturing securities—will be exhausted between July and September 2023.
- Presentation
The Budget and Economic Outlook for 2023 to 2033 in 9 Slides
CBO Director Phillip Swagel briefs members of the press on the current budget and economic outlook.