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Differences Between CBOs and the Administrations Budget Estimates
The Economy Under the Presidents Budget and Under CBOs Baseline
Economic Models and Results
The Models Used to Analyze the SupplySide Macroeconomic Effects of
adjusted after 2020 Administration Administration's estimate after-tax income alternative minimum tax amount assumptions billion in 2011 capital gains capital income capital stock CBO's analysis CBO's estimate CBO's March changes in marginal Congressional Budget Office cost current law decrease demand-side effects discretionary spending Dividend Tax economic effects effective marginal tax EGTRRA and JGTRRA enacted esti federal Freddie Mac funding Global Insight's model gross domestic product income tax incorporate infinite-horizon model interest rates investment itemized deductions legislation life-cycle and infinite-horizon life-cycle model Macroeconomic Advisers mandatory outlays mandatory spending marginal tax rates Medicare model assumes national saving Off-budget offset On-budget output payments Pell grants percent of GDP placeholder potential potential output President proposes President's budget President's budgetary proposals President's proposals private saving projection period proposals would reduce rate on capital rate on labor rates on dividends refundable tax credits relative revenues Subtotal supply-side effects taxation textbook growth model trillion