Alternative minimum tax (1 - 2 of 2 items) in Custom Date Range
The Federal Government's Long-Term Fiscal Outlook: Fall 2012 Update
GAO-13-148SP: Published: Dec 3, 2012. Publicly Released: Dec 3, 2012.
GAO's simulations continue to illustrate that the federal government is on an unsustainable long-term fiscal path. In both the Baseline Extended and Alternative simulations, debt held by the public grows as a share of gross domestic product (GDP) over the long term. While the timing and pace of growth varies depending on the assumptions used, neither set of assumptions achieves a sustainable path...
The Federal Government's Long-Term Fiscal Outlook: Spring 2012 Update
GAO-12-521SP: Published: Apr 2, 2012. Publicly Released: Apr 2, 2012.
Federal deficits and debt have reached historic highs in recent years. Congress has taken action to address the fiscal imbalance, but longer-term challenges remain. The Budget Control Act (BCA) of 2011 limits spending over the next decade and leads to an improved fiscal outlook. The act targets discretionary spending, and under both of GAOs simulations, discretionary spending as a share of t...