Taxes
- Cost Estimate
The Budgetary and Economic Effects of S. 2488, the Raise the Wage Act of 2023
As introduced on July 25, 2023
- Report
The Accuracy of CBO’s Budget Projections for Fiscal Year 2023
In its May 2022 projections for fiscal year 2023, CBO overestimated revenues by 11 percent and underestimated outlays by 9 percent. CBO’s projection of the federal deficit for 2023 was less than the actual amount by 3.9 percent of GDP.
- 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
Exploring the Effects of Medicaid During Childhood on the Economy and the Budget
Presentation by Elizabeth Ash, William Carrington, Rebecca Heller, and Grace Hwang of CBO’s Labor, Income Security, and Long-Term Analysis and Health Analysis divisions to the Children’s Health Group, American Academy of Pediatrics.
- Report
Answers to Questions for the Record Following a Hearing Titled "Running on Empty: The Highway Trust Fund"
The House Transportation and Infrastructure Committee's Subcommittee on Highways and Transit convened a hearing at which Chad Shirley, an analyst at CBO, testified. This document provides CBO's answers to questions submitted for the record.
- 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.
- Cost Estimate
H.R. 5688, Bipartisan HSA Improvement Act of 2023
As ordered reported by the House Committee on Ways and Means on September 28, 2023
- 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.
- Cost Estimate
S. 3084, United States-Taiwan Expedited Double-Tax Relief Act
As reported by the Senate Committee on Finance on October 19, 2023