Econ Comments & Analysis
CBO | Letter to the Honorable Paul Ryan on the feasibility of CBO undertaking the analyses that would be required by the amendments to H.R. 1874, the Pro-Growth Budgeting Act of 2013
H.R. 1874 would require CBO to prepare, to the extent practicable, a macroeconomic impact analysis of the budgetary effects of major legislation—defined by the bill as legislation with expected budgetary effects greater than one-quarter of one percent of the currently projected gross domestic product of the United States in any fiscal year for the period covered by cost estimates prepared by the agency. (That period generally extends for 10 years.) Many of the proposed amendments to H.R. 1874 would broaden the types of potential effects that CBO would be required to analyze.
