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CBO reports: What are they good for?

What are we to conclude from the CBO and JCT work products? And why is it so difficult to forecast the impact on the deficit and nonelderly uninsured residents?

By Perry Braun | Updated on July 11, 2017
U.S. Capitol building in Washington, D.C. Photo: Mike Scarcella/ALM

On December 19, 2009, in a letter to the Honorable Harry Reid, Majority Leader of the United States Senate, the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) noted that “Senate Amendment 2786 in the nature of a substitute to H.R. 3590  “…would produce total deficit reduction of $132 billion …” 

On page eight of that same letter, it states that by 2019, the CBO and JCT “estimate the number of nonelderly people who are uninsured would be reduced by 31 million, leaving 23 million nonelderly residents uninsured (about one-third of whom would be unauthorized immigrants).” 

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