Fiscal nerds determine the fate of legislation in America

Illustration of a fight between people over stocks and shares.

2024-05-30  797  中等

Officially, two scorekeepers matter. The Congressional Budget Office (CBO) gauges the impact of nearly all federal bills, from minimum-wage increases to health-insurance reforms. The Joint Committee on Taxation (JCT) focuses on tax changes. Both are non-partisan, and their conclusions can make or break legislation by showing whether it is good value.

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