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- Report
CBO examines several options that would reduce federal spending on the Supplemental Nutrition Assistance Program (SNAP) and the effects they would have on households with different amounts of income.
- Report
In 2011, households in the top, middle, and bottom quintiles received 52, 14, and 5 percent of the nation's before-tax income, respectively; the shares of federal taxes paid by those households were 69, 9, and 1 percent.
- Report
CBO examined the implications of various approaches to altering the Social Security payroll tax rates as well as the taxable maximum (the maximum amount of earnings on which those payroll taxes are imposed).
- Presentation
Presentation by Molly Dahl and Kevin Perese, CBO Analysts, at the NTA Spring Symposium
- Presentation
Presentation by Doug Elmendorf, CBO Director, to the Economic Club of Minnesota
- Blog Post
During his presentation, Director Doug Elmendorf emphasized that federal debt remains on an unsustainable path, and the composition of federal spending is changing dramatically from what it has been in the past.
- Report
Raising the minimum wage would increase family income for many low-wage workers, moving some of them out of poverty. But some jobs for low-wage workers would probably be eliminated and the income of those workers would fall substantially.
- Report
Spending on the Social Security program will exceed its dedicated tax revenues, on average, by about 12 percent over the next decade, CBO projects. The gap will grow larger in the 2020s and will exceed 30 percent of revenues by 2030.
- Report
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.
- Presentation
Presentation by Molly Dahl and Kevin Perese, CBO Analysts, at the Urban Institute