GDP ↔ Congressional Budget Office

Relations (1)

cross_type 2.00 — strongly supporting 3 facts

The Congressional Budget Office utilizes GDP as a primary metric to analyze and project the trajectory of the national debt and federal deficits, as evidenced by their reports in [1], [2], and [3].

Facts (3)

Sources

How the Government Subsidizes Wealth Inequality americanprogress.org Center for American Progress 3 facts

measurementUnder current law, the Congressional Budget Office (CBO) projected that the national debt would begin to increase as a share of gross domestic product (GDP) starting in 2018.

claimRepealing step-up in basis and low tax rates for capital gains and dividends would keep the national debt on a downward path as a share of GDP through the end of the five-year budget window analyzed by the Congressional Budget Office.

claimThe Congressional Budget Office (CBO) projected that for the three years following the report, federal deficits would be low enough that the national debt would fall as a share of gross domestic product (GDP).