Examples of CBO in a sentence
However, once CBO updated their baseline to include the tax revenues associated with including these benefits in income, the Joint Committee staff would then score any proposal to exclude them.
The income and payroll tax offset to changes in excise tax revenues Introduction In estimating the revenue effects of changes in excise taxes, the Joint Committee staff (along with staff at CBO and Treasury’s Office of Tax Analysis (“OTA”)) generally assumes that the net effect on total Federal tax receipts from an increase in Federal excise taxes is less than the increase in gross excise tax receipts.
Michael Shannon, PE, CBO, Development Services Director for the City of San Antonio, TexasScope and Intent SUMMARY & DESCRIPTIONAppeals submitted by the American Gas Association (AGA), the American Public Gas Association (APGA), National Multifamily Housing Council (NMHC) and Building Owners and Managers (BOMA) jointly, and theRegion VI Chapter of ICC (Region VI) objected to the inclusion of greenhouse gas reduction resources in the main text of the codes rather than in non-mandatory appendices.
For example, if Congress were to provide additional weeks of unemployment compensation (“UC”) benefits to individuals in all States who exhaust their regular UC benefits, CBO would not include the indirect tax effects in the estimated budget cost of such a proposal (the tax effects that result from an increase in taxable income in the amount of the extended UC benefits).
The revenue baseline is a component of the budget baseline prepared by CBO, which includes expenditures as well as receipts.