November 18, 2021 – CBO estimates that the funding for tax enforcement activities provided by H.R. 5376, the Build Back Better Act, would increase outlays by $80 billion and revenues by $207 billion, thus decreasing the deficit by $127 billion, through 2031. This letter responds to a request for information about the revenue effects of […]
Congressional Budget Office (CBO)
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CBO: Partial shutdown delayed $18 billion in federal spending lowering projected level of real GDP in 1st quarter of 2019 by $8 billion, or 0.2 percent
Jan. 28, 2019 – CBO has estimated the effects of the five-week partial shutdown of the government that started on December 22, 2018, and ended on January 25, 2019. This report presents CBO’s findings, which include the following: CBO estimates that the five-week shutdown delayed approximately $18 billion in federal discretionary spending for compensation and […]
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CBO Director’s Statement on The Budget and Economic Outlook: 2019 to 2029
January 28, 2019 – This morning I briefed the press about The Budget and Economic Outlook: 2019 to 2029, which the Congressional Budget Office published today. I delivered the following remarks about that report. Also presented here are some answers to questions that I expected to receive. Remarks About the Report Today I’d like to draw […]
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CBO: Extending funding for CHIP for 10 years yields net savings to the federal government
January 11, 2018 – CBO and the staff of the Joint Committee on Taxation (JCT) have completed a preliminary estimate of the budgetary effects of extending funding for the Children’s Health Insurance Program (CHIP) for 10 years using specifications provided by your staff. Under those specifications, the provisions of S. 1827, the Keep Kids’ Insurance […]
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CBO Summary of the Deficit Effects of a Bill to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018
December 1, 2017 at 9:27 PM – Summary of the Deficit Effects of a Bill to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018. As filed by the Senate on December 1, 2017, and provided by Staff Pdf file: 53362-summarysenatereconciliation
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CBO: The Bipartisan Health Care Stabilization Act of 2017 and the Individual Mandate
November 29, 2017 – In October 2017, CBO and the staff of the Joint Committee on Taxation (JCT) published a cost estimate for the Bipartisan Health Care Stabilization Act of 2017 (BHCSA), and in November 2017 the agencies published an updated estimate for repealing the individual health insurance mandate. On November 21, 2017, CBO was […]
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CBO releases cost estimate for H.R. 1628, Better Care Reconciliation Act of 2017
June 26, 2017 – CBO and JCT estimate that enacting the Better Care Reconciliation Act of 2017 would reduce federal deficits by $321 billion over the coming decade and increase the number of people who are uninsured by 22 million in 2026 relative to current law. Summary An Amendment in the Nature of a Substitute […]
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CBO cost estimate for the American Health Care Act of 2017, as passed by the House of Representatives
May 24, 2017 – CBO and the staff of the Joint Committee on Taxation (JCT) have completed an estimate of the direct spending and revenue effects of H.R. 1628, the American Health Care Act of 2017, as passed by the House of Representatives. CBO and JCT estimate that enacting that version of H.R. 1628 would […]