If GDP Growth Is 3% Over The Next Ten Years, The Income Tax Reven
This past week the Congressional Budget Office (CBO) released their budget projections for FY 2018 through FY 2028. The budget projections include a host of assumptions on things like GDP growth, potential GDP growth, interest rates, employment, revenues, and expenditures, to name a few. Within the CBO information lies an assumption on a number that can, at times,…