Research Report The Outlook for Fiscal Policy
William G. Gale, Peter Orszag
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The new budget projections released by the Congressional Budget Office (2005) provide an opportunity to assess fiscal policy in the first four years of the Bush administration and to discuss prospects for the next four years and beyond. This report 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 Taxes and budgets
Tags Federal budget and economy