Long-Term Budget Analysis
- Graphic
Snapshot of Corporate Income Tax Receipts
Since 2008, corporate income tax receipts have been smaller, relative to the size of the economy, than their historical average of 1.9 percent of GDP—largely because the recent recession substantially reduced taxable corporate profits.
- Report
Testimony on The 2013 Long-Term Budget Outlook
Testimony before the Committee on the Budget, U.S. House of Representatives.
- Presentation
Press Briefing on The 2013 Long-Term Budget Outlook
Director Doug Elmendorf’s slides from his press briefing on The 2013 Long-Term Budget Outlook
- Blog Post
Federal Spending for Everything Other Than Major Health Care Programs, Social Security, and Net Interest
In 2013, half of the federal government’s spending went toward programs and activities other than major health care programs, Social Security, and net interest.
- Blog Post
Federal Spending on the Government’s Major Health Care Programs Is Projected to Rise Substantially Relative to GDP
Although spending for health care in the United States has grown more slowly in recent years than it had previously, high and rising levels of such spending continue to pose a challenge for Medicare, Medicaid, and other government programs.
- Report
The 2013 Long-Term Budget Outlook
Federal debt would grow to 100 percent of GDP by 2038 under current law, CBO projects, and would be on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.
- Working Paper
Optimal Annuitization with Stochastic Mortality Probabilities: Working Paper 2013-05
This working paper models decisions about purchasing annuities in a context in which individuals learn new information about their health status over time.
- Blog Post
Some Information on Upcoming CBO Reports
In a letter today to the Chairs and Ranking Members of the House and Senate Budget Committees, we described the schedule for the rest of the year for CBO’s key economic and budget publications.
- Working Paper
Modeling Individual Earnings in CBO’s Long-Term Microsimulation Model: Working Paper 2013-04
This working paper describes the methods developed to project individual earnings in CBO’s long-term microsimulation model.