Research Report The Budget Outlook: Updates and Implications
Peter Orszag, William G. Gale
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The Congressional Budget Office (2004) has released new baseline budget projections, covering fiscal years 2005-2014. This article examines the baseline CBO projections, adjusts the official data in ways that more accurately reflect the current trajectory of tax and spending policies, and discusses some of the implications.
Research Areas Economic mobility and inequality Taxes and budgets
Tags Fiscal policy Federal budget and economy