• Issues Fiscal Outlook 2011 02 15 Analysis of Presidents Fiscal Year 2012 Budgetx

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    Summary of CBO's Analysis of the President's Budget for Fiscal...

    Each year, the Congressional Budget Office (CBO) estimates the budgetary impact of the proposals in the President's budget using its own economic and technical assumptions. An Analysis of the President's 2014 Budget, released last week, illustrates the effects of the President's proposals on the growth of deficits and debt over the coming decade.

    If the President’s proposals are adopted, CBO estimates that:


    Long-Term Implications of the Budget Control Act of 2011

    This summer, the Congress passed and the president signed the Budget Control Act of 2011 (BCA) that put in place a process for reducing the deficit. The BCA imposed caps on future discretionary spending and empowered a bipartisan, bicameral committee (the “Supercommittee”) to identify additional deficit reduction by Thanksgiving. Over the next 10 years, the spending caps are projected to reduce deficits by approximately $900 billion, and the Supercommittee is charged with finding $1.5 trillion of additional savings.


Fiscal Confidence Index

Survey: Modeled after the Consumer Confidence Index, the Fiscal Confidence Index is a monthly national survey that measures public opinion about the national debt.

The Tax Reform Opportunity

Video: Our tax code is complex, unfair, and insufficient. Learn more about the opportunity we have to reform and improve tax policy.