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CBO issues budget cut and tax increase report

Posted: 11/14/2013 | Views: 529

At the request of the House and Senate Committees on the Budget, the Congressional Budget Office (CBO) periodically issues a compendium of budget options to help inform federal lawmakers about the implications of possible policy choices. This volume presents more than 100 options for altering spending and revenues to reduce federal budget deficits.

The options discussed in this report come from a variety of sources, including legislative proposals, various Administrations’ budget proposals, Congressional staff, other government entities, and private groups. The options are intended to reflect a range of possibilities rather than to provide a ranking of priorities or a comprehensive list. The inclusion or exclusion of a particular policy change does not represent an endorsement or rejection by CBO. In keeping with CBO’s mandate to provide objective, impartial analysis, this report makes no recommendations.

This volume is the result of work by almost 150 people at CBO, whose names are listed in the report, as well as the staff of the Joint Committee on Taxation. Various experts outside of CBO (also listed) reviewed selected portions of the volume in draft.

The report is available here.

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