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Feb 18 2014
News
Minimum wage hike would kill a half-million jobs: CBO
Raising the minimum wage to $10.10 will cut about half a million jobs out of the economy by 2016, according to a new Congressional Budget Office report Tuesday that could deal a major blow to Democrats’ chief domestic agenda item this year.
Washington Times
Jul 26 2013
News
CBO: Sequester Could Cost 1.6 Million Jobs In The Next Year
As many as 1.6 million new jobs could be added to the U.S. economy if Congress simply canceled the budget cuts implemented due to sequestration from Aug. 1 2013 to the end of September 2014, a new non-partisan study has concluded.
HuffPost
May 29 2013
News
Income Extremes Reap Most Benefit From Tax Breaks: CBO
The highest-income and lowest-income households receive the most benefit from 10 of the largest U.S. tax breaks, according to a Congressional Budget Office report released today. Households in the bottom 20 percent of U.S. income distribution receive 11.7 percent of their after-tax income from the breaks, relying on benefits such as the earned income tax credit. On the other end of the income
Bloomberg
Mar 14 2017
News
The Republican health-care arguments that were most severely hurt by the CBO report
The White House and Republican leaders knew that the Congressional Budget Office's analysis of their American Health Care Act was not going to be helpful. They have laid the groundwork for rejecting the CBO numbers well in advance, with press secretary Sean Spicer disparaging the CBO's prior estimates last week, and a slew of administration and House officials appeared on the Sunday talk shows
Washington Post
Jun 27 2017
News
Senate Health Bill Reels as C.B.O. Predicts 22 Million More Uninsured
The Senate bill to repeal the Affordable Care Act was edging toward collapse on Monday after the nonpartisan Congressional Budget Office said it would increase the number of people without health insurance by 22 million by 2026.
New York Times (News)
Jun 27 2017
Headline Roundup
CBO Report on Senate Health Care Bill
The Senate Republican health care bill is in jeopardy after the Congressional Budget Office released a devastating report on its impact and multiple Republicans announced they would not vote to advance the legislation.
Reason
Vox
CNN (Online News)
Feb 14 2023
Perspectives Blog
Misinformation Watch: Biden, GOP Trade Misleading Claims on Social Security, Medicare
Are Republicans looking to get rid of Medicare and Social Security?
Did President Biden himself recently cut $280 billion in Medicare?
These viral claims – from Florida Sen. Rick Scott (R) and Biden himself – are highly misleading. They’re also a good example of how different sides hold different “truths,” and how fact checkers can be biased. Here’s why.
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Henry A. Brechter
Aug 28 2014
News
Stagnation: CBO Revises 2014 GDP Growth Projection Down to 1.5 Percent
When the economy shrinks substantially over the course of an economic quarter, tepid recoveries tend to look, well, tepid. The nonpartisan Congressional Budget Office has slashed its predictions for US economic growth in 2014:
Townhall
Feb 05 2014
Opinion
Why both parties think the CBO just proved them right on ObamaCare
The nonpartisan Congressional Budget Office on Tuesday released its annual budget report. Depending on your politics, it was either a vindication of ObamaCare, or a blistering case against it. So what gives?
The report finds that ObamaCare will result in two million fewer American jobs by 2017, three times higher than the CBO's previous projection. That figure is projected to increase
Jon Terbush
Feb 18 2014
News
CBO report: minimum wage hike could cost 500,000 jobs
President Obama's call to raise the federal minimum wage could help lift 900,000 workers out of poverty, but at a cost of as many as 500,000 jobs, according to an analysis released today by the non-partisan Congressional Budget Office.
USA TODAY