An Analysis of the President’s 2025 Budget

Congressional Budget Office

No 60438, Reports from Congressional Budget Office

Abstract: CBO and the staff of the Joint Committee on Taxation (JCT) have estimated the effects on revenues and spending of many of the President’s budgetary proposals. The proposals that the agencies were able to analyze would increase revenues by $2.8 trillion over the 2025–2034 period (in relation to the amounts projected in CBO’s baseline). About a third of that estimated increase would stem from raising the corporate income tax rate from 21 percent to 28 percent.

JEL-codes: H30 H50 H51 H60 H61 H68 (search for similar items in EconPapers)
Date: 2024-10-04
New Economics Papers: this item is included in nep-acc and nep-pub
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Persistent link: https://EconPapers.repec.org/RePEc:cbo:report:60438

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