Tax Credits
- Report
Answers to Questions for the Record Following a Hearing on The Budget and Economic Outlook: 2024 to 2034
The House Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified. This document provides CBO’s answers to questions submitted for the record.
- 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.
- Presentation
Using Multiple Data Sources to Learn About the Race and Ethnicity of Taxpayers
Presentation by CBO analysts Rebecca Heller, Shannon Mok, and James Pearce, and Census Bureau research economist Jonathan Rothbaum at the American Economic Association Annual Meeting, Committee on Economic Statistics.
- Report
Carbon Capture and Storage in the United States
CBO examines the status, federal support, and future potential of carbon capture and storage—a process that removes carbon dioxide from the emissions of power plants and industrial facilities and stores it permanently underground.
- Presentation
Projecting the Effects of U.S. Federal Policies on Electric Vehicle Demand and the Supply of Charging Stations
Presentation by David H. Austin, an analyst in CBO’s Microeconomic Studies Division, at ICEX España Exportación e Inversiones.
- Report
The Distribution of Household Income in 2020
In 2020, the coronavirus pandemic and the ensuing federal response had significant effects on the distribution of household income. Income inequality before transfers and taxes increased, but inequality after transfers and taxes decreased.
- Presentation
Trends in the Distribution of Household Income From 1979 to 2020
CBO regularly analyzes the distribution of income in the United States and how it has changed over time. This slide deck presents the distributions of household income, means-tested transfers, and federal taxes between 1979 and 2020.
- Report
Federal Subsidies for Health Insurance: 2023 to 2033
In 2023, federal subsidies for health insurance are estimated to be $1.8 trillion, or 7.0 percent of gross domestic product (GDP). In CBO and JCT’s projections, those net subsidies reach $3.3 trillion, or 8.3 percent of GDP, in 2033.
- Working Paper
Modeling the Demand for Electric Vehicles and the Supply of Charging Stations in the United States: Working Paper 2023-06
This paper presents a simulation model of the markets for light-duty electric vehicles and the associated public charging infrastructure, as well as the network interactions between them.
- Presentation
Projected Effects of Federal Policies on the Demand for Electric Vehicles and the Supply of Charging Stations
Presentation by David H. Austin, an analyst in CBO’s Microeconomic Studies Division, at the 2023 Conference of the Western Economic Association International.