There are mixed signals on U.S. finances from the CBO.
The budget agency finds the bill raises revenues by more than it raises spending.
Break down where the money from deductions, credits and exclusions goes with this handy tool.
We spend a lot through the tax code. And about half that spending goes to families at the top of the income scale.
The CBO finds Obama's budget would reduce the deficit by $1.1 trillion over ten years. But how does it do that?
One slide. Two paragraphs. Everything you need to know about the budget debate. Well done, Doug Elmendorf.
On the one hand, doing budget math is just solving arithmetic problems. On the other hand, the arithmetic problems were designed by a sadistic madman.