PREFACE The Congressional Budget Office (CBO) prepared this paper as part of its ongoing responsibility under the Congressional Budget Act to tabulate the progress of Congressional action on the budget in comparison to the figures specified in the annual budget resolutions. The paper compares actual revenues and outlays for fiscal years 1980, 1981, and 1982 with the assumptions used by the Congress in its budget resolutions, and analyzes the differences. CBO uses results of this analysis to update and improve its revenue and outlay estimating methods. The analyses of revenue and outlay estimates were prepared by the staffs of the Budget Analysis and Tax Analysis Divisions, under the supervision of James L. Blum and Rosemary D. Marcuss. The principal authors were Paul N. Van de Water (Chapters I, II, and IV) and Kathleen M. O'Connell (Chapter III). Patricia Kinslow prepared the tables in the appendixes. Francis S. Pierce edited the report, which was prepared for publication by Sherri McLain, Linda Brockman, and Nancy H. Brooks. June 1984 Rudolph G. Penner |