Taxes
- Blog Post
Presentations
CBO Director Phillip Swagel discusses his recent and upcoming presentations on CBO’s latest budget and economic projections.
- Graphic
Revenues in Fiscal Year 2022: An Infographic
Revenues received by the federal government in 2022 totaled $4.9 trillion, of which more than half was receipts from individual income taxes, which were the highest ever as a percentage of gross domestic product.
- Graphic
The Federal Budget in Fiscal Year 2022: An Infographic
The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years.
- Interactive
Workbook for How Changes in Economic Conditions Might Affect the Federal Budget: 2023 to 2033
This workbook allows users to define and analyze alternative economic scenarios by specifying differences in the values of four economic variables relative to the values underlying CBO's February 2023 projections.
- Presentation
The Economy and the Budget
Presentation by Phillip Swagel, CBO’s Director, to the Prosperity Caucus.
- Report
Legislation Enacted in the Second Session of the 117th Congress That Affects Mandatory Spending or Revenues
CBO estimates that the effects on mandatory spending and revenues of laws enacted in 2022 will add about $810 billion to deficits from 2022 to 2032—the net result of a $900 billion increase in outlays and a $90 billion increase in revenues.
- Presentation
The Budget, the Economy, and the Budgetary Effects of Legislative Changes
A briefing by Phillip Swagel, CBO’s Director, for the U.S. House of Representatives.
- Cost Estimate
H.J. Res. 30, Providing for Congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights"
As posted on the Website of the House Committee on Rules on
February 23, 2023 - Presentation
A Presentation on The Budget and Economic Outlook: 2023 to 2033
Presentation by Phillip Swagel, CBO’s Director, to the Committee for Economic Development of the Conference Board.
- Interactive
How Changes in Revenues and Outlays Would Affect Debt Service, Deficits, and Debt
This interactive workbook allows users to see how revenues and outlays that differed from those in CBO’s February 2023 baseline budget projections would increase or decrease net interest costs and thus affect deficits and debt.