Republican Tax Plan-Scam: $1.5 Trillion In New Deficits; Even Forced PAYGO Budget Cuts Not Enough To Pay For It

Mining Awareness +

Adding $1.5 trillion in new deficits over a decade would be bad enough, but CBO shows how, under current law, statutory PAYGO will result in the complete elimination of all funding to dozens of mandatory programs next year, from assistance to farmers to border enforcement to student loans, as well as a roughly $25 billion in cut to Medicare.” (US Congressman Hoyer)

Given that the required reduction in spending exceeds the estimated amount of available resources in each year over the next 10 years, in the absence of further legislation, OMB would be unable to implement the full extent of outlay reductions required by the PAYGO law.” (US Congressional Budget Office, Nov. 14, 2017)

Hoyer Statement on the Joint Committee on Taxation Dynamic Score of the Senate GOP Tax Scam
For Immediate Release: 
November 30, 2017
Contact Info: 
Mariel Saez 202-225-3130
WASHINGTON, DC –…

View original post 1,277 more words

One thought on “Republican Tax Plan-Scam: $1.5 Trillion In New Deficits; Even Forced PAYGO Budget Cuts Not Enough To Pay For It”

Comments are closed.