Government Information

Earl Gregg Swem Library

Repealing the Individual Health Insurance Mandate: An Updated Estimate

Categories: Govt Finance,Health Insurance,Laws/Regulations,Taxes

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53300-individualmandate.pdf

Concludes that repealing the mandate that requires citizens to have health insurance would reduce federal budget deficits by $338 billion between 2018 and 2027, cause the number of people with health insurance to decrease by four million in 2019 and 13 million by 2027, and cause average health insurance premiums to increase by 10% in most years.  From the Congressional Budget Office

 

Estimated Deficits and Debt Under the … Tax Cuts and Jobs Act

Categories: Business/Economics,Govt Finance,Headlines,Laws/Regulations,Statistics,Taxes

https://www.cbo.gov/system/files/115th-congress-2017-2018/costestimate/hr1deficitsanddebt.pdf

Estimates that passage of the proposed legislation in its current form would increase federal deficits to $1.7 trillion in the 2018-2027 period and bring the debt figure to 97.1% of GDP.  From the Congressional Budget Office

 

Review of Selected Criteria Used to Identify Tax-Exempt Applications for Review

Categories: Charity/Nonprofits,Headlines,Laws/Regulations,Taxes

https://www.treasury.gov/tigta/auditreports/2017reports/201710054fr.pdf

Provides a historical account of how tax officials selected criteria such as names of organizations to investigate whether their applications for ax-exempt status were justified.  A previous 2013 audit report launched a firestorm of criticism that organizations were targeted if they had terms like “patriot” or “tea party” in their names.  This follow-up report reveals that liberal organizations with terms like “progressive” were subjected to the same scrutiny.  From the Office of the Inspector General of the Tax Administration Division of the Internal Revenue Service.

 

 

Remarks by President Trump at Tax Reform Event

Categories: Presidency,Taxes

https://www.whitehouse.gov/the-press-office/2017/09/27/remarks-president-trump-tax-reform-event

What few details have been revealed about the Republican tax plan are in this speech given during an Indianapolis political rally.  From the White House

 

Preliminary Analysis of Legislation that would Replace Subsidies for Health Care with Block Grants

Categories: Headlines,Health Insurance,Health/Medical,Laws/Regulations,Medicare/Medicaid,Statistics,Taxes

https://www.cbo.gov/system/files/115th-congress-2017-2018/costestimate/53126-health.pdf

Finds that the latest Republican proposal to replace the Affordable Care Act would reduce the federal budget deficit by at least $133 billion but reduce the number of people with comprehensive health insurance by millions.  Loss of insurance would result from reductions in spending for the block grants, reductions in spending for subsidies, and the repeal of penalties for not having insurance.  From the Congressional Budget Office

 

An Analysis of Corporate Inversions

Categories: Business/Economics,Govt Finance,Taxes

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53093-inversions.pdf

Analyzes the reasons for and effects of corporate inversions—the switching of countries in which multinational corporations choose to be taxed.  Also examines how such inversions and similar strategies will affect future U.S. corporate tax revenues.  From the Congressional Budget Office

 

Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2017 to 2027

Categories: Govt Finance,Health Insurance,Medicare/Medicaid,Statistics,Taxes,Welfare/Social Services

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53091-fshic.pdf

The federal government subsidizes health insurance for most Americans through a variety of programs and tax provisions.  In 2017 such subsidies total $705 billion.  The study estimates the future costs of such subsidies including preferential tax treatment for employer-provided insurance, the cost of Medicaid coverage, and support for ACA marketplace coverage.  From the Congressional Budget Office

 

Distribution of Lifetime Medicare Taxes and Spending by Sex and by Lifetime Household Earnings

Categories: Income/Poverty,Medicare/Medicaid,Statistics,Taxes

https://www.cbo.gov/system/files/115th-congress-2017-2018/workingpaper/52985-workingpaper.pdf

Examines the distribution between taxes paid to and benefits received from the Medicare program based on beneficiaries’ lifetime earnings and Medicare spending data.  A working paper from the Congressional Budget Office

 

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