CBO economic outlook

CBO Thinks The TCJA Will Cost $433 Billion More Than Last December’s Estimate. What Happened?

In its April fiscal update , the Congressional Budget Office estimated that the Tax Cuts and Jobs Act (TCJA) would increase the federal debt by...

April 30, 2018Benjamin R. Page

Federal Budget and Economy: TaxVox

CBO’s Grim Budget Forecast Underestimates The Nation’s True Fiscal Problems

CBO recently released new budget projections that incorporate the 2017 tax act and the 2018 spending deals. In a new paper with Alan J. Auerbach,...

April 23, 2018William G. Gale Aaron Krupkin

: TaxVox

The Fiscal Picture Is Worse Than It Looks – And It Looks Bad

On the surface, CBO’s new projections of the federal debt and deficits over the next 10 years paint a troubling picture. But, dig deeper and...

April 10, 2018William G. Gale

: TaxVox

Who Deserves a [Tax] Break Today?

Is dynamic scoring ready for prime time? At a TPC-Hutchins Center program yesterday, backers and critics debated whether congressional scorekeepers should include macroeconomic effects of tax changes when doing a budget score. They disagreed, of course, but did agree that if the tool is used, it

January 27, 2015Renu Zaretsky