Taxes
- Report
An Analysis of the President’s 2025 Budget
CBO and JCT have estimated the effects on revenues and spending of many of the President’s budgetary proposals. This report builds on an earlier one that focused on the President’s proposals for discretionary spending.
- Presentation
How CBO Projects Tariff Revenues
CBO describes how it projects tariff revenues and explains how, and when, it produces estimates of the effects of changes in tariff rates.
- Report
Answers to Questions for the Record Following a Hearing on Social Security’s Finances
The Senate Committee on the Budget convened a hearing at which Molly Dahl, CBO's Chief of Long-Term Analysis, testified. This document provides CBO’s answers to questions submitted for the record.
- Report
Testimony on Social Security’s Finances
Molly Dahl, CBO's Chief of Long-Term Analysis, testifies before the Senate Committee on the Budget.
- Report
The Distribution of Household Income in 2021
New policies implemented by the federal government affected transfers and taxes in 2021. The policies largely benefited lower- and middle-income households. But income inequality still increased, mainly because of realized capital gains.
- Presentation
Trends in the Distribution of Household Income From 1979 to 2021
CBO regularly analyzes the distribution of income in the United States and how it has changed over time. This slide deck presents the distributions of household income, means-tested transfers, and federal taxes between 1979 and 2021.
- Report
CBO’s 2024 Long-Term Projections for Social Security
In CBO’s projections, spending for Social Security rises relative to GDP over the next 75 years, and the gap between outlays and revenues widens. If combined, the balances in the program’s trust funds would be exhausted in fiscal year 2034.
- Report
Part 2 of Answers to Questions for the Record Following a Hearing on An Update to the Budget and Economic Outlook: 2024 to 2034
The Senate Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified. This document provides CBO’s answers to 18 of the 29 questions submitted for the record.
- Cost Estimate
H.R. 7979, End China’s De Minimis Abuse Act
As ordered reported by the House Committee on Ways and Means on April 17, 2024
- Report
Part 1 of Answers to Questions for the Record Following a Hearing on An Update to the Budget and Economic Outlook: 2024 to 2034
The Senate Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified. This document provides CBO’s answers to 11 of the 29 questions submitted for the record.