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Debt limit deal would reduce budget deficits by $1.5 trillion, Congressional Budget Office projects

By: zzstar in FFT4 | Recommend this post (0)
Wed, 31 May 23 3:49 AM | 26 view(s)
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“ The CBO told McCarthy that rescinding the funding for the Internal Revenue Service would “result in fewer enforcement actions over the next decade and in a reduction in revenue collections.”

The CBO estimates that those changes would account for a $1.4 billion decrease in spending outlays, but a larger $2.3 billion decrease in revenues, and an increase in the deficit by an additional $900 million.”

http://www.cnn.com/politics/live-news/us-debt-ceiling-deadline-talks-05-30-23/index.html

Geniuses in control of the House, serving their tax loophole/evading masters.


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