Tax Credits
- Report
Economic Analysis of Budget Reconciliation Legislation
CBO provides answers to four questions that Senator Lindsey Graham asked related to H.R. 5376, the Inflation Reduction Act of 2022, and broader economic conditions.
- Report
Health Insurance Policies
CBO explains the effects of making permanent the enhanced premium tax credit structure provided in the American Rescue Plan Act of 2021 and finalizing a proposed regulation concerning the affordability of employment-based coverage.
- Report
Federal Subsidies for Health Insurance Coverage for People Under 65: 2022 to 2032
In CBO and JCT’s projections, net federal subsidies in 2022 for insured people under age 65 are $997 billion. In 2032, that annual amount is projected to reach $1.6 trillion.
- Report
The Budget and Economic Outlook: 2022 to 2032
In CBO’s projections, assuming that current laws generally remain unchanged, the federal deficit totals $1.0 trillion in fiscal year 2022 and averages $1.6 trillion per year from 2023 to 2032. Real GDP grows by 3.1 percent this year.
- Report
Budgetary Effects of Making Specified Policies in the Build Back Better Act Permanent
In a response to Congressman Palmer, CBO summarizes its recent analysis of the costs of making permanent some of the policies in the Build Back Better Act.
- Presentation
Using Survey Data for Tax Analysis
Using the earned income tax credit and child tax credit as examples, CBO describes how it supplements information from a sample of tax returns with data from the Current Population Survey when analyzing the effects of some tax policies.
- Report
Budgetary Effects of Making Specified Policies in the Build Back Better Act Permanent
CBO and the Joint Committee on Taxation project the budgetary effects, including the effects on interest costs, of a modified version of H.R. 5376, the Build Back Better Act, that would make various policies permanent rather than temporary.
- Report
The Distribution of Major Tax Expenditures in 2019
CBO examined how the benefits from major tax expenditures in the individual income tax and payroll tax systems were distributed among households in different income groups in 2019.
- Working Paper
How Changes in the Distribution of Earnings Affect the Federal Deficit: Working Paper 2021-12
This paper examines how the federal budget deficit would have differed in 2018 under four scenarios that vary the distribution of labor earnings while leaving aggregate earnings unchanged.
- Report
The Budgetary Effects of Major Laws Enacted in Response to the 2020–2021 Coronavirus Pandemic, December 2020 and March 2021
CBO describes how two laws enacted in December 2020 and March 2021 in response to the 2020–2021 coronavirus pandemic will affect federal spending, revenues, and the deficit.