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  • congressional budget office

    Obamacare's 18 New Tax Hikes

    Not only did the President and his partners in Congress take $716 billion out of Medicare to pay for Obamacare, but they also raise taxes by $836.3 billion to pay for it, with $36.3 billion hitting Americans in 2013 alone. Here’s the Congressional Budget Office (CBO) and Joint Committee on … More

    Morning Bell: Obamacare Falls Short of Promises to Uninsured

    Two new reports out yesterday continue to knock down President Obama’s promises about Obamacare: his “If you like your plan, you can keep it,” and the promise to significantly shrink the ranks of the uninsured. According to a new study from consulting firm Deloitte, almost one of out of 10 … More

    CBO Report Confirms Rich Already Pay Their "Fair Share"

    The Congressional Budget Office (CBO) just released its latest estimates on the share of taxes paid by income level, giving voters a way to check the argument that the rich do not pay “their fair share.” Using 2009 tax year data, CBO’s report shows the amount of income people earned … More

    Chart of the Week: Entitlement Spending Will Nearly Double by 2050

    President Obama has called Rep. Paul Ryan’s budget “an attempt to impose a radical vision on our country,” but as this week’s chart illustrates, if something radical doesn’t happen, entitlement spending will nearly double by 2050. The amount of spending on Medicare, Medicaid, Social Security and Obamacare subsidies will soar … More

    Chart of the Week: Obamacare's Bundle of Budget Gimmicks

    President Obama has touted reports from the Congressional Budget Office claiming his health care law would actually decrease the deficit. But due to a bundle of budget gimmicks and other legislation, calculations show that Obamacare actually adds $698 billion to the deficit. This week’s chart outlines each of those budget … More

    Chart of the Week: Estimated Loss of Health Coverage Under Obamacare

    President Obama has  reassured Americans that if they like their current health insurance, they can keep it. “If you’ve got health insurance through your employer, you can keep your health insurance, keep your choice of doctor, keep your plan,” Obama insisted on Oct. 15, 2008. But two years after signing the Patient … More

    CBO's Estimates of Obamacare, Revisited

    Some apologists for Obamacare are trying to tout recent analyses from the Congressional Budget Office (CBO) as confirming once again that the health law will cut projected future budget deficits. But CBO’s recent analyses—including updated projections of the costs of the new entitlement spending in the so-called exchanges and some … More

    CBO Debunks Myth That Tax Code Favors Oil Over Renewables

    Environmental activists and liberal politicians are fond of bemoaning the supposedly disproportionate tax benefits that go to the fossil fuel industry compared to its renewable energy competitors. The president specifically has made “ending tax breaks for oil companies” a pillar of his paltry efforts to reduce the federal deficit. But … More

    CBO: Federal Accounting Understates Cost of Credit Programs

    According to the nonpartisan Congressional Budget Office (CBO), measurements of the budget impact of federal credit do not adequately address the risks involved, and may, in some cases, dramatically understate the costs of those programs. Under the current system, federal accounting practices do not “fully incorporate the cost of market … More

    Lawmakers Want to Extend Pay Freeze for Congress, Federal Workers

    Members of Congress will vote Wednesday to freeze their salaries through 2013 and impose the same pay limitation on non-military federal workers. The vote in the U.S. House comes just two days after the Congressional Budget Office confirmed that federal workers are paid 16 percent more in total compensation — … More