Search Results

open access

Baseline Budget Projections Under Alternative Assumptions

Description: The Congressional Budget Office (SBO) estimates a baseline budget based on simple rules prescribed by law. Statute requires CBO to project a baseline of revenues and outlays under current law over the next 10 years. This report estimates the baseline budget based on current policy alternatives including changes in discretionary spending, extending expiring tax provisions, and altering the minimum tax as well as discussing effects of alternative assumptions on the baseline.
Date: February 24, 2006
Creator: Esenwein, Gregg A. & Labonte, Marc
Partner: UNT Libraries Government Documents Department
open access

Baseline Budget Projections Under Alternative Assumptions

Description: The Congressional Budget Office (CBO) estimates a baseline budget based on simple rules prescribed by law. Statute requires CBO to project a baseline of revenues and outlays under current law over the next 10 years. Arguably, a “better guess” of the probable path of the federal budget under current policy might be achieved by modifying four assumptions in the CBO baseline. First, that discretionary spending will remain constant as a share of GDP rather than growing at the rate of inflation. Sec… more
Date: February 8, 2005
Creator: Esenwein, Gregg A. & Labonte, Marc
Partner: UNT Libraries Government Documents Department
Back to Top of Screen