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Home»Posts tagged with»cbo

As GOP Aims to Punish Poor, CBO Says Extending Trump Tax Cuts for Rich Would Add $3.5 Trillion to Deficit

By Jessica Corbett | Common Dreams on May 17, 2023   Featured, National, National/World, Politics  

As GOP Aims to Punish Poor, CBO Says Extending Trump Tax Cuts for Rich Would Add $3.5 Trillion to Deficit

“MAGA Republicans don’t give a damn about the deficit, and today’s estimate of the cost of kickbacks for their friends and donors is further proof,” said Senate Budget Committee Chair Sheldon Whitehouse. While congressional Republicans hold the global economy hostage by refusing to raise the U.S. debt ceiling without major spending cuts that would hurt the working […]

Independent US Analysis: With Tax Cut, Government Deficits to Balloon

By Ken Bredemeier | VOA on Apr 10, 2018   Featured, National, National/World  

Independent US Analysis: With Tax Cut, Government Deficits to Balloon

With the passage of deep tax cuts late last year, annual U.S. budget deficits are expected to balloon over the next decade, the nonpartisan Congressional Budget Office said Monday. The independent financial scorekeeper said that the long-term U.S. debt, now more than $21 trillion, could soar to more than $33 trillion by 2028, with increasing […]

Senator Murkowski Comes Home to Brutal Headlines Condemning Cruel Senate Repeal Bill

By DNC Press on Jun 30, 2017   Health, Politics  

Senator Murkowski Comes Home to Brutal Headlines Condemning Cruel Senate Repeal Bill

Senator Murkowski returns to Alaska this weekend and faces scathing local headlines and editorials calling out the dangerous Republican Senate health care bill that would strip 22 million Americans’ access to health care and gut Medicaid. The latest CBO report confirms spending cuts would grow even deeper in the second decade increasing by 35% by […]

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