Taxes
- Report
The Budget and Economic Outlook: 2024 to 2034
In CBO’s projections, federal budget deficits total $20 trillion over the 2025–2034 period and federal debt held by the public reaches 116 percent of GDP. Economic growth slows to 1.5 percent in 2024 and then continues at a moderate pace.
- Cost Estimate
H.R. 1432, VETT Act
As reported by the House Committee on Ways and Means on
January 18, 2024 - Report
Testimony on the Accuracy of CBO’s Recent Baseline Projections
CBO Director Phillip Swagel testifies before the House Committee on the Budget.
- Report
Effects of No GDP Growth on Federal Deficits
CBO was asked what the effects on federal deficits would be if the economy was stagnant over two years. The agency created two scenarios with no growth of gross domestic product adjusted to remove the effects of inflation.
- Interactive
How Increasing the Federal Minimum Wage Could Affect Employment and Family Income
This interactive tool, updated in January 30, 2024, allows users to explore how various policies to increase the federal minimum wage would affect earnings, employment, family income, and poverty.
- Cost Estimate
H.R. 6408, a bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations
As reported by the House Committee on Ways and Means on
December 19, 2023 - Cost Estimate
H.R. 7024, Tax Relief for American Families and Workers Act of 2024
As reported by the House Committee on Ways and Means on
January 23, 2024 - Blog Post
CBO to Release Budget and Economic Outlook on February 7
CBO will release "The Budget and Economic Outlook: 2024 to 2034" at 2 p.m. EST on February 7.
- Cost Estimate
H.R. 5863, Federal Disaster Tax Relief Act of 2023
As ordered reported by the House Committee on Ways and Means on November 2, 2023
- Cost Estimate
H.R. 5988, United States-Taiwan Expedited Double-Tax Relief Act
As reported by the House Committee on Ways and Means on
December 12, 2023