Government Information

Earl Gregg Swem Library

The Distribution of Household Income, 2014

Categories: Headlines,Income/Poverty,Statistics,Taxes,Welfare/Social Services

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53597-distribution-household-income-2014.pdf

Includes sections on the distribution of household income in the U.S., trends in household income/means-tested transfers/federal taxes, and trends in income inequality.  From the Congressional Budget Office

 

The Distribution of Household Income, 2014

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53597-distribution-household-income-2014.pdf

Provides a stark picture of income inequality in the U.S. where, in 2014, the lowest fifth had average annual income of about $19,000 and the highest fifth had $281,000.  Also discusses trends in income inequality and how federal programs, especially the Affordable Care Act, and taxes affected the distribution of income in 2014.  From the Congressional Budget Office

 

Economic Report of the President: Together with the Annual Report of the Council of Economic Advisers February 2018

Categories: Business/Economics,Foreign Trade/Investment,Govt Finance,Headlines,Statistics,Taxes

https://www.whitehouse.gov/wp-content/uploads/2018/02/ERP_2018_Final-FINAL.pdf

Predicts ambitious economic growth of 3% via administration policies involving tax cuts and deregulation.  Includes nearly 40 pages of statistics on income, employment and production in Appendix B.  From the White House

 

Estimated Deficits and Debt Under the Conference Agreement of H.R. 1 ….

Categories: Govt Finance,Headlines,Laws/Regulations,Taxes

https://www.cbo.gov/system/files/115th-congress-2017-2018/costestimate/53437-taxcutsjobsact.pdf

Provides a nonpartisan analysis of the estimated deficit and debt resulting from the conference agreement between the House and Senate on H.R. 1, the Tax Cut bill.  From the Congressional Budget Office

 

Cost Estimate for the Conference Agreement on H.R. 1

Categories: Congress,Govt Finance,Headlines,Laws/Regulations,Taxes

https://www.cbo.gov/system/files/115th-congress-2017-2018/costestimate/53415-hr1conferenceagreement.pdf

Presents findings of Congress’s budget score-keeper on the effects of the House-Senate conference committee agreement on the Tax Cut bill.  Finds the bill if passed as presented would raise the government’s deficit by $1.4 trillion over the next 10 years.  From the Congressional Budget Office

 

Distributional Analysis of the Tax Cuts and Jobs Act … Excluding the Effects of Eliminating the Individual Mandate Penalty

Categories: Govt Finance,Headlines,Taxes

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53349-distributionalanalysisletter.pdf

Letter to Chairman Hatch of the Senate Finance Committee revealing the projected effects out to 2027 on federal revenues and spending at various taxpayer income categories from the proposed legislation.  From the Congressional Budget Office

 

Reconciliation Recommendations of the Senate Committee on Finance

Categories: Govt Finance,Headlines,Taxes

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

Presents the official cost estimate of the Senate version of the Tax Cuts and Jobs Act proposed legislation. From the Congressional Budget Office

 

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

 

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