Taxes
- Cost Estimate
Information About Reconciliation Legislation
As Passed by the Senate on August 7, 2022
- Cost Estimate
Information About H.R. 5376, the Inflation Reduction Act of 2022
As amended in the nature of a substitute (ERN22410) and posted on the website of the Senate Majority Leader on August 6, 2022
- Report
Economic Analysis of Budget Reconciliation Legislation
CBO provides answers to four questions that Senator Lindsey Graham asked related to H.R. 5376, the Inflation Reduction Act of 2022, and broader economic conditions.
- Cost Estimate
Estimated Budgetary Effects of H.R. 5376, the Inflation Reduction Act of 2022
As Amended in the Nature of a Substitute (ERN22335) and Posted on the Website of the Senate Majority Leader on July 27, 2022
- Report
The 2022 Long-Term Budget Outlook
The U.S. faces a challenging fiscal outlook according to CBO's extended baseline projections, which show budget deficits and federal debt held by the public growing steadily in relation to gross domestic product over the next three decades.
- Report
Health Insurance Policies
CBO explains the effects of making permanent the enhanced premium tax credit structure provided in the American Rescue Plan Act of 2021 and finalizing a proposed regulation concerning the affordability of employment-based coverage.
- Report
Answers to Questions for the Record Following a Hearing on The Budget and Economic Outlook: 2022 to 2032
The House Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified. This document provides CBO’s answers to questions submitted for the record.
- Report
Federal Subsidies for Health Insurance Coverage for People Under 65: 2022 to 2032
In CBO and JCT’s projections, net federal subsidies in 2022 for insured people under age 65 are $997 billion. In 2032, that annual amount is projected to reach $1.6 trillion.
- Blog Post
Update on the Timing of CBO’s Analysis of the President’s Budget and Long-Term Projections
CBO will publish An Analysis of the Discretionary Spending Proposals in the President’s 2023 Budget on July 1. On July 27, CBO will publish The 2022 Long-Term Budget Outlook.
- Report
The Cost of Eight Executive Actions Taken by the Biden Administration
CBO responds to Congressman Jason Smith’s request to provide information about the cost of eight executive actions taken by the Biden Administration and how they are reflected in CBO’s baseline projections.