Earlier this week, Director Doug Elmendorf participated in a conference on the budget organized by the Rudman Center at the University of New Hampshire.
December 2013
Most of the 16 options that CBO examined would either decrease federal spending on health programs or increase revenues (or equivalently, reduce tax expenditures) as a result of changes in tax provisions related to health care.
Users of our website will now be able to search for options according to major budget category (such as revenues), budget function (such as national defense or transportation), and major program category (such as housing or Medicare).
Households in the top quintile (including the top percentile) paid 68.8 percent of all federal taxes, households in the middle quintile paid 9.1 percent, and those in the bottom quintile paid 0.4 percent.
Extending emergency unemployment benefits would raise economic output and employment in 2014 relative to what would occur under current law, CBO estimates.
Given the high degree of interest in the relationship between people’s health and the federal budget, this post recaps some highlights from CBO’s report titled Raising the Excise Tax on Cigarettes: Effects on Health and the Federal Budget.