Taxes
- Report
CBO's 2025 Long-Term Projections for Social Security
In lieu of publishing a separate report providing CBO's latest long-term projections for Social Security, the agency is publishing the data that it would have presented in that report.
- Report
Federal Mandatory Spending for Means-Tested Programs and Tax Credits
CBO provides information concerning outlays for the government's major mandatory programs and tax credits that are primarily means-tested and provide assistance to people with relatively low income or few assets.
- Report
Distributional Effects of H.R. 1, the One Big Beautiful Bill Act
CBO responds to a request for an analysis of the distributional effects of H.R. 1, the One Big Beautiful Bill Act, and updates the preliminary analysis it provided in a letter dated May 20, 2025.
- Report
Effects on Deficits and the Debt of Enacting H.R. 1 and of Making Certain Tax Policies in H.R. 1 Permanent
CBO estimates that enacting H.R. 1 and making 16 tax provisions within H.R. 1 permanent would raise debt-service costs by $687 billion over the 2025–2034 period and increase the bill's cumulative deficit effect to $4.5 trillion.
- Interactive
How H.R. 1, the One Big Beautiful Bill Act, Would Affect the Distribution of Resources Available to Households
CBO's interactive tool allows users to explore how H.R. 1, the One Big Beautiful Bill Act, as passed by the House of Representatives on May 22, 2025, would affect the economic resources available to households grouped by income.
- Report
Effects of the Surge in Immigration on State and Local Budgets in 2023
CBO estimates how the surge in immigration that began in 2021 affected state and local budgets in 2023. State and local tax revenues grew, but the costs of providing services grew more.
- Report
Budgetary and Economic Effects of Increases in Tariffs Implemented Between January 6 and May 13, 2025
CBO estimates the budgetary and economic effects of increases in tariffs that were implemented through executive action between January 6 and May 13, 2025.
- Report
The Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget
CBO analyzed the effects on the budget and the economy of eight scenarios that differ from those underlying the agency’s extended baseline—six that vary economic conditions and two that vary budgetary conditions.
- Report
Preliminary Analysis of the Distributional Effects of the One Big Beautiful Bill Act
CBO provides a preliminary analysis of the distributional effects of the 2025 reconciliation bill.
- Presentation
Business Tax Credits for Wind and Solar Power
Presentation by Molly Sherlock, an analyst in CBO’s Tax Analysis Division, at the National Tax Association’s 55th Annual Spring Symposium.