Taxes
- Blog Post
A Presentation on CBO’s Latest Budget and Economic Projections
CBO Director Phillip Swagel spoke about the agency’s latest 10-year budget and economic projections at an event hosted by the Concord Coalition.
- 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 2021 baseline budget projections would increase or decrease net interest costs and thus affect deficits and debt.
- Cost Estimate
Reconciliation Recommendations of the House Committee on Ways and Means
As ordered reported on February 10 and 11, 2021
- Report
The Breadth of the Budgetary Effects of the Raise the Wage Act of 2021 Compared with Certain Other Reconciliation Legislation
CBO provides information on the breadth of the budgetary effects of the Raise the Wage Act of 2021 compared with certain other reconciliation legislation the agency has analyzed.
- Report
The Budget and Economic Outlook: 2021 to 2031
If current laws governing taxes and spending generally remain unchanged, CBO projects, in 2021, the federal budget deficit will total $2.3 trillion, federal debt will reach 102 percent of GDP, and real GDP will grow by 3.7 percent.
- Report
The Budgetary Effects of the Raise the Wage Act of 2021
If the Raise the Wage Act of 2021 was enacted in March 2021, the cumulative budget deficit over the 2021–2031 period would increase by $54 billion.
- Blog Post
CBO to Issue New Budget Projections on February 11
CBO will release The Budget and Economic Outlook: 2021 to 2031 at 2 p.m. on Thursday, February 11. The report will include a brief description of CBO’s latest 10-year budget projections and reprise the economic projections issued this week.
- Blog Post
CBO to Issue New Economic Projections on February 1
CBO will release An Overview of the Economic Outlook: 2021 to 2031 at 11 a.m. on Monday, February 1. The report will include a brief description of CBO’s latest 10-year economic projections.
- Report
Answers to Questions for the Record Following a Hearing on CBO’s Budget Projections Conducted by the Subcommittee on Fiscal Responsibility and Economic Growth of the Senate Committee on Finance
The Subcommittee on Fiscal Responsibility and Economic Growth of the Senate Committee on Finance convened a hearing at which Director Phillip Swagel testified. This document provides CBO’s answers to questions submitted for the record.
- Report
Answers to Questions for the Record Following a Hearing Conducted by the Senate Committee on the Budget on CBO’s Budget Projections
The Senate Budget Committee convened a hearing at which Director Phillip Swagel testified about the 2020 Long-Term Budget Outlook. This document provides CBO’s answers to questions submitted for the record by four Members of the Committee.