Repealing Obamacare Would Cost $353 Billion Over Next Decade
The new CBO estimate comes as the Supreme Court is expected to decide on an important Affordable Care Act-related case.
Post-Election Estate Tax Fix?
Tax issues will figure prominently in the goings-on in Washington this presidential election year, with the consensus among tax specialists being that Congress is most likely to address the estate tax when it decides late this year whether to extend the Bush tax cuts.
CBO Projects $1.1 Trillion Budget Deficit for 2012 if Laws Don’t Change
CBO Director Douglas Elmendorf said that because so many tax and spending changes to are slated to take effect, CBO has also prepared projections under an "alternative fiscal scenario."
Estate Tax Limbo Likely to End This Year
The consensus among tax specialists is that Congress is most likely to address the estate tax when it decides late this year whether to extend the Bush tax cuts.
CBO Challenges Republicans on Tax Increases
New analysis by the CBO casts doubt on whether Congress’ bold deficit reduction agenda can succeed without Rebublican concessions.
CBO Chief Warns Deficit Committee: Tax Policy on Road to Ruin
CBO Director Douglas Elmendorf testified before the congressional super committee on deficit reduction, saying the economy will not be able to sustain its current level of spending with the tax cuts now in place as the population ages and health-care costs grow.
CBO: National Debt on Track to Nearly Double GDP in 25 Years
The nation is on a course to a “sudden fiscal crisis” if policymakers, like Rep. Paul Ryan and President Barack Obama, fail to take measured steps to halt the growing debt burden, the CBO said Wednesday.
House GOP, Democrats Spar Over Cost of Dodd-Frank
Republican and Democratic members of the House Financial Services Subcommittee on Oversight and Investigations sparred Wednesday over the costs of implementing the Dodd-Frank Act.
Taxes, Elections, Prices and Congress Returns: Advisor Briefing for the Week of September 13, 2010
What's happening the week of September 13, 2010, that will affect advisors, the markets and the economy.
What It Will Cost
As President Obama signed healthcare reform legislation on March 23, he probably would have wanted the director of the Congressional Budget Office, Douglas Elmendorf, sitting...