Key Methods That CBO Used to Estimate the Macroeconomic Effects of the 2025 Reconciliation Act: Working Paper 2026-01

Congressional Budget Office

No 61257, Working Papers from Congressional Budget Office

Abstract: Public Law 119-21, referred to here as the 2025 reconciliation act, included a wide range of provisions that affect policies governing federal revenues and spending. This paper describes the key methods that the Congressional Budget Office used to estimate the law's macroeconomic effects. For each of the law's provisions, CBO identified key channels through which the U.S. economy would be affected and then translated those effects into inputs for its analytical models. For cases in which those inputs could be incorporated into CBO's existing modeling

JEL-codes: E22 E24 E32 E62 E63 H30 H50 H60 J20 O40 (search for similar items in EconPapers)
Date: 2026-02-20
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Persistent link: https://EconPapers.repec.org/RePEc:cbo:wpaper:61257

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