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    WATCH: Discussion on the Cost of Amnesty

    Yesterday, the CBO released its score of the Gang of Eight’s immigration bill. Heritage’s Derrick Morgan began analyzing the numbers immediately and saw major problems. The Gang of Eight bill: WILL NOT stop illegal immigration – Despite promises of a secure border, the bill would slow future illegal immigration by only 25 percent, according … More

    Congress Is Trying to Fool You on Immigration

    Congress is trying to fool you. Here’s how they do business. A piece of legislation is going to cost trillions of dollars, but Members of Congress don’t want the public to see that. Instead, they have the Congressional Budget Office (CBO) look at the bill for just the first 10 … More

    First Take on the CBO Report: Amnesty Hurts U.S. Workers

    The Congressional Budget Office (CBO) released its cost estimate and economic impact documents for S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Act, today. We are still analyzing the lengthy reports, but already a few items stand out as noteworthy. Reducing Flow CBO reports that S. 744 would … More

    Chart of the Week: This Farm Bill 56 Percent More Costly Than Last

    The House is expected to take up its farm bill this week. As it does, legislators should bear in mind the excessive costs of the bill. The Congressional Budget Office (CBO) projected the last farm bill, in 2008, to cost $604 billion. The new House farm bill is projected to … More

    Obamacare Cost Rises by $30 Billion

    The Congressional Budget Office (CBO) issued a new statement on the budgetary effect of repealing the Affordable Care Act (Obamacare) for fiscal years 2014 to 2023. The CBO did not model or update a full scoring of repeal. It found that the cost of Obamacare has increased by $30 billion … More

    Morning Bell: Obamacare’s Negative Impact on Seniors

    The Medicare program that provides health insurance to seniors faces a dire financial future. And Obamacare is making it worse. Medicare’s Part A trust fund is projected to be insolvent by 2026 and the total program has a long-term unfunded obligation of more than $35 trillion. This means the government … More

    The IRS, Obamacare, and You: The Taxes

    With the IRS under fire for its improper targeting of tea party groups, many Americans have also raised concerns about the agency’s activities relating to Obamacare. This week, we’ll be taking a look at just some of the many ways in which the IRS will be intimately involved with implementing … More

    Crop Insurance Reform Would Save Lots of Taxpayer Money

    Crop insurance is probably not the first thing you want to talk about at a cocktail party. It isn’t sexy. However, it starts looking a lot prettier when common-sense reforms to crop insurance could save taxpayers billions of dollars. The Senate is currently debating its bloated farm bill. The Congressional … More

    Congressional Budget Office Looks at a Carbon Tax

    The Congressional Budget Office (CBO) recently released its report on the impact of a carbon tax. (Disclaimer: I provided comments to the CBO on a draft of the report, earlier this year.) The economic parts were pretty sensible and conclude that (be sure you are sitting down)—there are no free … More

    Obama Budget: CBO Shows $1 Trillion Tax Hike, Fake Spending Cuts

    The Congressional Budget Office’s (CBO) official score of President Obama’s budget shows in numbers a vision for economic decline in America. The President imposes a tax increase totaling $1.1 trillion (and a net increase of about $1 trillion), some components of which would directly hit middle-class and lower-income Americans. On … More