Government Information

Earl Gregg Swem Library

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

 

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

 

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