The Budget for Fiscal Year 2005

Description:

The Congressional Budget Office’s (CBO) January 2004 budget report for FY2005 (the Budget and Economic Outlook: Fiscal Years 2005-2014) estimated the FY2005 baseline deficit at $362 billion, not much different from that proposed by the Administration. Selected alternative policies included in the CBO report, estimates for the cost of extending the tax cuts, reforming the AMT, and letting discretionary spending grow at the rate of gross domestic product (GDP) growth, would increase the deficit, particularly in the years beyond FY2009.

Creator(s):
Creation Date: March 10, 2004
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
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Place of Publication: Washington D.C., USA
Date(s):
  • Creation: March 10, 2004
Description:

The Congressional Budget Office’s (CBO) January 2004 budget report for FY2005 (the Budget and Economic Outlook: Fiscal Years 2005-2014) estimated the FY2005 baseline deficit at $362 billion, not much different from that proposed by the Administration. Selected alternative policies included in the CBO report, estimates for the cost of extending the tax cuts, reforming the AMT, and letting discretionary spending grow at the rate of gross domestic product (GDP) growth, would increase the deficit, particularly in the years beyond FY2009.

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21 pages.

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Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
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Resource Type: Report
Format: Text