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  • CBO’s Economic Analysis of the President’s 2013 Budget
    April 20, 2012 - Following up on its scoring of the fiscal effects of the President’s 2013 budget, CBO today released a separate macroeconomic analysis of the policies in that budget. CBO finds that the President’s budget would shrink the economy over the longer-term, relative to current law, by as much as 2.2 perce... More
  • The Fiscal Effects of Faster Growth
    March 22, 2012 - KEY POINTS: Experts point to tax reform as an essential remedy for the short-term economic malaise as well as a steady foundation for longer-term growth and prosperity. A better-designed tax system, by incentivizing economic growth, could raise output. The rate of economic growth is one of the most... More
  • Additional Fiscal Comparisons on The Path to Prosperity
    March 20, 2012 - The report on the House Republican Budget, The Path to Prosperity, includes summary tables making comparisons to the President’s budget as re-estimated by the Congressional Budget Office (CBO). These tables show the clear choice the country faces between two fiscal futures. To provide additional inf... More
  • Analysis of the President’s Budget for FY2013
    February 24, 2012 - KEY POINTS The President’s budget spends too much – a net spending increase of $1.5 trillion above current projections. The President’s budget taxes too much – a net tax increase of $1.9 trillion above current projections. The President’s budget borrows too much: It adds over $11 trillion to the na... More
  • President's Budget Charts Path to Debt and Decline
    February 13, 2012 - The President has not merely ducked from our fiscal and economic challenges, but—with his fourth straight budget flop—he has advanced policies that dangerously accelerate the crisis before us. His gimmick-filled budget fails to reduce the fast-rising debt, permanently entrenches unsustainable levels... More
  • CBO Confirms Federal Workers Enjoy Advantages Over Private Sector Counterparts
    January 30, 2012 - Earlier today, the Congressional Budget Office (CBO) released a study confirming the differences in compensation between federal government employees and their private-sector counterparts. While millions of Americans continue to struggle with stagnant wages and high unemployment, government bureaucr... More
  • The Budgetary Impact of H.R. 3835
    January 30, 2012 - The House is currently considering the passage of H.R. 3835, legislation introduced by Rep. Sean Duffy (WI-07), which would freeze federal civilian employees’ and Members of Congress’ pay. A similar provision was included in previous House Republican efforts to extend the payroll tax, in which the p... More
  • President Obama’s Missed Budget Deadlines
    January 27, 2012 - The Budget and Accounting Act of 1921 requires the President to submit his budget request for the upcoming fiscal year no later than the first Monday of February. Earlier this week, the Obama administration announced that for the third time in four years it will not adhere to this legal deadline. Th... More

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