An Analysis of the President’s 2015 Budget

This report by CBO presents an analysis of the proposals in the President’s budget request for fiscal year 2015, as submitted to the Congress on March 4, 2014. The analysis is based on CBO’s economic projections and estimating models (rather than the Administration’s), and it incorporates estimates of the effects of the President’s tax proposals that were prepared by the staff of the Joint Committee on Taxation (JCT). In conjunction with analyzing the President’s budget, CBO has updated its baseline budget projections, which were previously issued in February 2014…Read More