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Cost Estimate
December 30, 2012
As posted on the Web site of the U.S. House of Representatives on December 29, 2012 A bill to provide a one-year extension of the Food, Conservation, and Energy Act of 2008 and amendments made by that Act, with certain modifications and exceptions, to provide supplemental agricultural disaster assistance, to establish dairy producer margin protection and dairy market stabilization programs, and for other purposes.
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Cost Estimate
December 20, 2012
The Congressional Budget Office (CBO) has reviewed H.R. 6684, the Spending Reduction Act of 2012, as posted on the Web site of the House Committee on Rules on December 19, 2012.
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Cost Estimate
December 20, 2012
As reported by the Senate Committee on the Judiciary on July, 12, 2012
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Cost Estimate
December 19, 2012
Statutory Pay-As-You-Go Effects for S. 3202, as provided to CBO on December 18, 2012
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Cost Estimate
December 19, 2012
Statutory Pay-As-You-Go Effects for H.R. 4310, as Provided to CBO on December 17, 2012
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Cost Estimate
December 18, 2012
As reported by the Senate Committee on the Judiciary on November 29, 2012
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Cost Estimate
December 17, 2012
As ordered reported by the House Committee on Natural Resources on December 5, 2012
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Cost Estimate
December 14, 2012
As ordered reported by the House Committee on Natural Resources on December 5, 2012
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Blog Post
December 13, 2012
I am delighted to report that CBO has again been recognized by the Partnership for Public Service as one of the “Best Places to Work in the Federal Government.” In our third year of participation, CBO was second among 29 agencies in the small agency category. (You can see the results for all participating federal agencies at the Partnership’s Best Places to Work website.)
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Cost Estimate
December 12, 2012
As posted on the Web site of the Senate Committee on Appropriations on December 12, 2012
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Report
December 11, 2012
The report discusses how the SSI program works, who receives payments, the program’s spending and interaction with other government programs, the extent to which SSI affects people’s work and saving, and approaches to changing the program.
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Blog Post
December 11, 2012
In fiscal year 2013, more than 8 million people will receive Supplemental Security Income (SSI) payments at a federal cost of about $53 billion, CBO estimates. Today’s CBO report, Supplemental Security Income: An Overview, discusses how the program works, who receives SSI payments, the program’s spending and its interaction with other government programs, the extent to which SSI affects people’s work and saving, and possible approaches to changing the program.
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Cost Estimate
December 10, 2012
Pay-As-You-Go Effects for S. 3637, as introduced on November 26, 2012
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Report
December 7, 2012
The federal budget deficit was $292 billion for the first two months of fiscal year 2013, $57 billion more than the shortfall recorded in October and November of last year, CBO estimates. Without shifts in the timing of certain payments in each year, however, the deficit for the two-month period would have been about $8 billion lower this year than in fiscal year 2012.
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Blog Post
December 7, 2012
The federal budget deficit was $292 billion for the first two months of fiscal year 2013, $57 billion more than the shortfall recorded in October and November of last year, CBO estimates in its latest Monthly Budget Review. Revenues rose by $30 billion, or 10 percent, but outlays increased by $87 billion, or 16 percent.
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Cost Estimate
December 7, 2012
H.R. 6364 would establish a commission to plan, develop, and execute programs, projects, and activities to commemorate the 100th anniversary of the First World War. The 12-member commission would be required to submit various reports to the Congress on its activities and recommendations for commemorating the event. The commission would terminate July 28, 2019. All commission members would serve without pay but would be reimbursed for travel expenses. In addition, the commission could hire staff and use personnel detailed from other federal agencies to complete its work.
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Blog Post
December 6, 2012
Over the past 30 years, the activity of businesses that are subject to the individual income tax has grown compared with that of businesses subject to the corporate income tax. That shift has reduced federal revenues but probably promoted overall investment and a more efficient allocation of resources.
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Report
December 6, 2012
Since the individual income tax was instituted in 1913, the profits of most businesses have been allocated, or “passed through,” to their owners and subjected to that tax—rather than to the corporate income tax. However, most business activity (specifically, the total revenue that businesses receive as receipts from sales of goods and services) has occurred at firms subject to the corporate income tax (C corporations) because those firms tend to be larger than pass-through entities.
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Report
December 6, 2012
This letter responds to Chairman Darrell E. Issa’s request for information about CBO’s March 20, 2010, cost estimate for H.R. 4872, the Health Care and Education Reconciliation Act of 2010, in combination with H.R. 3590, the Patient Protection and Affordable Care Act.
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Cost Estimate
December 4, 2012
Statutory Pay-As-You-Go Effects for a Amendment in the Nature of a Substitute intended to be proposed by Senator Cantwell (BAI12575), as transmitted to CBO on November 30, 2012
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Presentation
November 30, 2012
Chief, Long-Term Analysis Unit’s Joyce Manchester’s Presentation to the OECD Expert Workshop on Improving Health Expenditure Forecasting Methods
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Report
November 29, 2012
The Congress has traditionally placed a limit on the total amount of debt that the Department of the Treasury can issue to the public and to other federal agencies. Lawmakers have enacted numerous increases to the debt limit—commonly known as the debt ceiling—some of which have been temporary and many of which have been permanent. Treasury debt is now approaching the current limit.
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Blog Post
November 29, 2012
The Congress has traditionally placed a limit on the total amount of debt that the Department of the Treasury can issue to the public and to other federal agencies. Lawmakers have enacted numerous increases to the debt limit—commonly known as the debt ceiling—some of which have been temporary and many of which have been permanent.
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Report
November 29, 2012
CBO reviewed dozens of newer studies and determined a body of research now demonstrates a link between changes in prescription drug use and changes in the use of and spending for medical services.
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Blog Post
November 29, 2012
Previously, when estimating the budgetary effects of legislation regarding prescription drugs, CBO found insufficient evidence of an “offsetting” effect of prescription drug use on spending for medical services. Recently, CBO reviewed dozens of newer studies and determined that a body of research now demonstrates a link between changes in prescription drug use and changes in the use of and spending for medical services.
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Cost Estimate
November 29, 2012
As ordered reported by the Senate Committee on Veterans’ Affairs on September 12, 2012 S. 3313 would expand the types and availability of infertility treatment provided by the Department of Veterans Affairs (VA). CBO estimates that implementing the bill would cost $568 million over the 2013-2017 period, assuming appropriation of the estimated amounts. Enacting S. 3313 would not affect direct spending or revenues; therefore, pay-as-you go procedures do not apply.
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Blog Post
November 28, 2012
Unemployment insurance benefits topped $150 billion during 2010—when the annual unemployment rate peaked at 9.6 percent—up from $33 billion in fiscal year 2007.
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Presentation
November 28, 2012
Assistant Director for Health, Retirement, and Long-Term Analysis Linda T. Bilheimer’s presentation to the MIDAS Network Meeting
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Cost Estimate
November 28, 2012
As posted on the Web site of the House Committee on Rules (Committee Print 112-34) and subsequently amended on November 28, 2012
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Report
November 28, 2012
Between 2007 and 2010, unemployment benefits expanded nearly five-fold owing to high unemployment due to the weak economy, and decisions by policymakers to increase the number of weeks for which unemployed workers could receive benefits.