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Posted inUS

CBO: Estimated Revenue Effects of Increased Funding for the Internal Revenue Service in H.R. 5376, the Build Back Better Act

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 […]

Posted inUS

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: 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 […]

Posted inUS

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