OMB Watch - The Watcher - April 19, 2004 Vol.5, No.8 -
Acording to the Joint Committee on Taxation, making permanent an estate tax repeal would cost $206 billion over the next ten years. See x-14-04r.pdf (application/pdf Object)
New articles from the Watcher newsletter: OMB Watch - The Watcher - February 23, 2004 Vol.5, No. 4 -
Federal Budget
Looks like the administration is pushing for yet another trillion dollar reduction in revenue...
OMB Watch - The Watcher - January 26. 2004 Vol. 5 No.2 - Federal Budget Articles:
The CBO today released its baseline budget estimates for 2005-2014. Included in the document is the cost of extending the repeal of the estate tax. For the 2005-2014 period, an extension of the repeal would cost $205.6 billion. See page 93 for details. The yearly breakdown is below.
The Century foundation has just released a report entitled "How the Federal Budget Forecast Went From $5 Trillion in the Black to $5 Trillion in the Red In Just Two and a Half Years," by Bernard Wasow. The report shows how we went from record surpluses to massive deficits.
Sustained Budget Deficits: Longer-Run U.S. Economic Performance and the Risk of Financial and Fiscal Disarray Robert E. Rubin, Peter Orszag, and Allen Sinai
OMB Watch - The Watcher - September 8, 2003 Vol.4 No.18 - Federal Budget Watcher Articles:
OMB Watch - Half of 2004 Deficit Deterioration Due to Revenue-Reduction Legislation Half of 2004 Deficit Deterioration Due to Revenue-Reduction Legislation
