Tax Policy Center

Congressional Budget Office

Federal Budget and Economy: TaxVox

CBO: $19 Trillion In New Debt Over The Next Decade, Mostly From Programs Nobody Will Cut

The Congressional Budget Office estimates the national debt will increase by $19 trillion over the next decade under current law, $3 trillion more than it...
February 16, 2023Howard Gleckman
Federal Budget and Economy: TaxVox

CBO: The Government’s Era Of (Nearly) Free Money Is Over, At Least for Now

The federal government may once again have an opportunity to learn a painful lesson about the price of increasing debt and rising interest rates in...
May 26, 2022Howard Gleckman
Federal Budget and Economy: TaxVox

What Trillion Dollar Deficits In An Era of Full Employment Look Like

There are ugly charts, and then there is this, courtesy of the folks at the Committee for a Responsible Federal Budget. Over the past half-decade,...
January 7, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

Revisions To Revenue Projections Suggest That The TCJA Cost More Than Expected

Last week the Congressional Budget Office (CBO) released a letter that reviewed how its revenue forecasts have declined over the past two years. While we...
November 5, 2019Benjamin R. Page
Federal Budget and Economy: TaxVox

CBO Predicts Historic Levels of Debt By Mid-Century

CBO Predicts Historic Levels of Debt By Mid-Century If the US continues today’s patterns of taxes and spending, the national debt will almost triple as...
June 25, 2019Howard Gleckman
: TaxVox

Alice Rivlin: The George Washington Of The Congressional Budget Office

On June 21, the family and friends of Alice Rivlin will join with much of Washington’s public policy community to celebrate her life and extraordinary...
June 20, 2019C. Eugene Steuerle
Federal Budget and Economy: TaxVox

Thank You, Alice Rivlin

Alice Rivlin, who died yesterday at age 88, was a policy legend. She also was a kind, generous, and extraordinarily tough woman. Over more than...
May 15, 2019Howard Gleckman
Federal Budget and Economy: TaxVox

A Tale Of Two Economies: Comparing Trump’s Economic Forecast With CBO’s

A Tale Of Two Economies: Comparing Trump’s Economic Forecast With CBO’s President Trump’s 2020 budget is based upon an extremely optimistic view of the nation’s...
March 13, 2019Howard Gleckman
Federal Budget and Economy: TaxVox

What Would It Take For Congress To Bring The Federal Debt Down To Manageable Levels

Back in the presidential campaign, candidate Donald Trump promised to eliminate the national debt in eight years. This goal was never plausible, even before Congress...
August 22, 2018Howard Gleckman
Individual Taxes: TaxVox

If You Care about Social Security and Medicare, You Should Care about these Tax Bills

The Joint Committee on Taxation, Congressional Budget Office , and Tax Policy Center agree that, without significant changes, the House-passed tax bill (the Tax Cuts...
November 21, 2017Melissa M. Favreault