Tax Policy Center

CBO

Federal Budget and Economy: TaxVox
Yesterday, the Treasury Department reported that the deficit for Fiscal Year 2014, which ended on Sept. 30, fell to $483 billion, or about 2.8 percent of Gross Domestic Product. This being Washington, the report was hailed as either an enormous success or dismissed as meaningless. Who is right? Is
October 16, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
Lending programs create special challenges for federal budgeting. So special, in fact, that the Congressional Budget Office estimates their budget effects two different ways. According to official budget rules, taxpayers will earn more than $200 billion over the next decade from new student loans,
September 29, 2014Donald Marron
Federal Budget and Economy: TaxVox
Without changes in the law, health care, Social Security, and interest on the debt will eat up 85 percent of all new federal government spending over the next 10 years, according to the latest estimates by the Congressional Budget Office. By contrast, CBO expects most of the rest of government,
August 28, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
Over the next decade, the individual income tax will be the fastest growing source of federal revenue, according to new estimates by the Congressional Budget...
February 6, 2014Howard Gleckman
Individual Taxes: TaxVox
Effective tax rates have been rising since 2009 and will continue to rise for a few more years before they flatten out, according to Tax...
December 12, 2013Roberton C. Williams
Federal Budget and Economy: TaxVox
There is lots of buzz around Washington about whether a laundry list of expiring tax provisions could be the key to a modest budget agreement...
November 7, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
What’s going to happen on October 18 if Congress doesn’t vote to increase the debt limit? Probably nothing. Make no mistake, Washington is still wading...
October 15, 2013Howard Gleckman
Individual Taxes: TaxVox
The Tax Policy Center has changed the way it calculates income . The new definition, which TPC calls “expanded cash income” or ECI, will raise...
July 25, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
Thanks to artificially low interest rates, the United States has been able to finance deficits exceeding $1 trillion every year from 2009 through 2012 at...
July 9, 2013Rudolph G. Penner
Individual Taxes: TaxVox
The Congressional Budget Office report on the distribution of tax expenditures is getting lots of buzz, nearly all of it positive. This is a gratifying...
May 30, 2013Howard Gleckman