Congressional Budget Office

Sam Stein

McCain's 'Deficit Reduction' Plan Would Cost Trillions

HuffingtonPost.com | Sam Stein | Posted 07.07.2008 | Politics

Read More: Obama Troop Withdrawal, Obama Iraq Costs, Barack Obama, Mccain Iraq Policy, Mccain Troop Withdrawal, Obama Military, Obama Iraq Policy, Congressional Budget Office, Mccain Iraq Costs, John McCain, Politics News

On Monday, John McCain released the outlines of his economic agenda, promising to balance the federal budget by the end of his first term by saving mo...

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The ABC Debate: Enough Capital Gains Tax Nonsense

Jeff Madrick | Posted 04.21.2008 | Business

Read More: Tax Cuts, Congressional Budget Office, Capital Gains Taxes, George Stephanopoulos, Barack Obama, Charles Gibson, ABC Debate, Capital Gains, Abc, Business News
Jeff Madrick

Capital gains tax cuts are not magic. Over time, cuts in taxes on profits made by investing do not raise total tax revenues.

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Federal Budget Deficit Swells to $263.3B

AP | JEANNINE AVERSA | Posted 03.12.2008 | Business

Read More: Budget Deficit, Federal Budget Deficit, Treasury Department, Recession, Congressional Budget Office, Business News

WASHINGTON — The Treasury Department says the federal deficit swelled to $263.3 billion in the first five months of this budget year as record s...

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Presidential Candidates Channel Bart Simpson

Scott Bittle and Jean Johnson | Posted 03.03.2008 | Business

Read More: Social Security, Heritage Foundation, Home Heating Subsidies, Debt, Marriage Penalty, The Simpsons, Barack Obama, Bush Tax Cuts, Money, Federal Debt, Congressional Budget Office, Medicare, Hillary Clinton, Federal Budget, Alternative Minimum Tax, Brookings Institution, College Tuition Credits, Government Accountability Office, Business News
Scott Bittle and Jean Johnson

The majority of Americans can be impressively sensible and level-headed when they are given the facts and asked to consider trade-offs, but they don't like to be blindsided.

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The 44th President's $4 Trillion Headache

CNN/Money | Jeanne Sahadi | Posted 02.22.2008 | Business

Read More: Congressional Budget Office, Alternative Minimum Tax, Budget Deficit, Federal Budget Decifit, Presidential Candidates, Business News

The presidential candidates all have big plans for their time in the White House. Reform health care. Reduce taxes. Close corporate loopholes. Encoura...

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It's Time to Be Honest about the Cost of the War in Iraq

Scott Bittle and Jean Johnson | Posted 02.11.2008 | Business

Read More: Congressional Budget Office, Iraq War, Federal Budget, Robert Gates, Taxpayers, Supplemental Spending Bill, American Taxpayer, Business News
Scott Bittle and Jean Johnson

Just how much will the Iraq war cost the American taxpayer next year? We don't know, and the people running the war (who should know) say they don't e...

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The Rich Are Getting Richer Faster

New York Times | DAVID CAY JOHNSTON | Posted 12.15.2007 | Business

Read More: Top 1 Percent of American, Billionaires, Wealth, Congressional Budget Office, Income Inequality, Millionaires, Business News

The increase in incomes of the top 1 percent of Americans from 2003 to 2005 exceeded the total income of the poorest 20 percent of Americans, data in ...

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