Criminal Law Library Blog

July 27, 2023

CBO Blog Post: A Call for New Research In the Area of Taxes and Transfers

Originally posted by John McClellan et. al. on July 25, 2023.

As part of the legislative process, the Congressional Budget Office* supplies the Congress with cost estimates for legislation, economic and budget projections, and other economic assessments. Information from the research community is an important element of CBO’s analyses. This is the seventh in a series of blog posts discussing research that would enhance the quality of the information that CBO uses in its work. (Earlier posts in the series discussed the need for new research in the areas of energy and the environment, finance, health, labor, macroeconomics, and national security.) Please send comments to communications@cbo.gov. Since this CBO blog post is believed to contain information of general interest it is being reproduced here, in full, as an information service.

CBO regularly provides the Congress with information about the ways that the government’s tax and transfer system affects the distribution of household income (for example, CBO 2022). That analysis is built on the models and data underlying the agency’s baseline projections of revenues and spending (CBO 2023). CBO is on the lookout for new research that would enhance its analysis of taxes and transfers, including research related to distributional analysis and projections of revenues from business income. The agency is currently working on those topics, and there are significant gaps in the relevant research literature.

July 25, 2023

CB0 Blog Posting: Call For New Research in the Area of National Security

by David Badertscher

Original Posting by David Mosher et.al. on July 24, 2023*

As part of the legislative process, the Congressional Budget Office supplies the Congress with cost estimates for legislation, economic and budget projections, and other economic assessments. Information from the research community is an important element of CBO’s analyses. This is the sixth in a series of blog posts discussing research that would enhance the quality of the information that CBO uses in its work. (Earlier posts in the series discussed the need for new research in the areas of energy and the environment, finance, health, labor, and macroeconomics.) Please send comments to communications@cbo.gov.

The Department of Defense (DoD) received about $850 billion in funding in 2023. With those funds, DoD hires personnel (members of the military and civilian employees) and purchases a variety of goods and services from private-sector companies. Some of the purchased goods, such as aircraft carriers, fighter jets, and nuclear submarines, are highly complex weapon systems. CBO is on the lookout for new research on various topics related to DoD’s personnel and weapon systems, including the implications of the military’s use of in-kind compensation and the causes of, and future trends in, sector-specific inflation. CBO is currently working on those topics, and there are significant gaps in the relevant research literature.

July 22, 2023

CBO Blog Posting: A Call for New Research in the Area of Macroeconomics

by David Badertscher

Original posting by Richard DeKaser on the CBO Blog, July 21,2023.*

As part of the legislative process, the Congressional Budget Office supplies the Congress with cost estimates for legislation, economic and budget projections, and other economic assessments. Information from the research community is an important element of CBO’s analyses. This is the fifth in a series of blog posts discussing research that would enhance the quality of the information that CBO uses in its work. (Earlier posts in the series discussed the need for new research in the areas of energy and the environment, finance, health, and labor. Please send comments to communications@cbo.gov.

CBO regularly prepares forecasts of key economic variables, including output, income, employment, inflation, and interest rates. The agency also evaluates the macroeconomic effects of proposed or enacted legislation. CBO is on the lookout for new research on various topics in the area of macroeconomics, including trends in productivity growth and interest rates on Treasury securities, as well as the effects of fiscal policy on a broad range of economic variables. The agency is currently working on those topics, and there are significant gaps in the relevant research literature.

by David Badertscher

Cyber risk is one of the great concerns sitting at the top of any government, as hacker attacks and other security breaches have the potential to jeopardize the global economy and other aspects of everyday life. Wide reporting indicates the proliferation of cyber attacks worldwide at a substantial and increasing rate, thereby unleashing severe damage to companies, governments and individuals worldwide. This proliferation of widespread attacks is creating an increasingly urgent need for greater cybersecurity for those in all sectors utilizing online networks. Users include governments, corporations, various other organizations and individuals who stand to benefit from the greater convenience, efficiencies, and sometimes cost benefits made available through online use.

Cyber criminals and others in the business of victimizing online users also benefit. While some may be primarily interested in creating mischief, which can itself prove harmful, professional cybercriminals are usually looking for much more. Usually, the basis of their primary motives comes down to either money or power. For purposes of classification, their motives are typically grouped into one or more of the following three categories:

Denial of Service. The motive for this type of attack is usually revenge. Some attackers may launch DDoS attacks as retaliation against a person, organization, or business that they perceive has wronged them. Some attackers may similarly target a competing business or organization to disrupt their services and gain an advantage in the market.

July 13, 2023

CBO Director: Testimony on Social Security’s Finances, July 12,2023

by David Badertscher

CBO’s Director, Phillip Swagel, testifies about the agency’s projections of Social Security’s finances before the Senate Budget Committee.

Established in 1974, The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government. It is charged with providing members of Congress objective analysis of budgeting and economic issues to support the congressional budget process. Each year, CBO economists and budget analysts produce dozens of reports and hundreds of cost estimates for proposed legislation. This posting includes a summary of Director Swagel’s testimony, a link to the full text of the testimony, and a list of publications that relate to the testimony.

Summary: