Income Distribution
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Options for Reducing the Deficit, 2023 to 2032--Volume I: Larger Reductions
CBO issues a volume describing 17 policy options that would each reduce the federal budget deficit by more than $300 billion over the next 10 years or, in the case of Social Security options, have a comparably large effect in later decades.
- Report
The Effects of Potential Cuts in SNAP Spending on Households With Different Amounts of Income
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
Answers to Questions From Senator Hatch About Various Options for Payroll Taxes and Social Security
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).
- Report
The Effects of a Minimum-Wage Increase on Employment and Family Income
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.