CBO score shows tax plan ups deficit $900 billion in 5 years
December 11th, 2010
09:13 AM ET
11 years ago

CBO score shows tax plan ups deficit $900 billion in 5 years

Washington (CNN) - The Congressional Budget Office released its score Friday on the tax plan hammered out between Republicans and President Barack Obama, showing a $893 billion hit on the deficit over the next five years.

The bulk of the deficit increase comes from loss of revenue - $756 billion - with the rest coming from additional direct outlays.

Filed under: Bill Clinton • President Obama • Tax deal
soundoff (5 Responses)
  1. thor

    Just what we need ,another 900 billion added to the deficit over the next 5 year.Where is the fiscal responsibility in Congress to put an end to this nonsense?

    December 11, 2010 09:51 am at 9:51 am |
  2. the real ib

    Who believes the CBO anymore? They always come up with figures to back the far left anymore. They have turned into a joke.

    December 11, 2010 10:19 am at 10:19 am |
  3. maf

    For two years the Party of NO has been spouting off against the Dems leaving a financially impossible legacy on generations to come. Now, they are the ones squarely to blame for adding another almost trillion to the deficit. Wars and reckless spending during the Bush admin, against everything President Obama brings forth, obstructionism . . . the list is long and negative.
    The Republicans fiscally responsible???? Not in this life!!!

    December 11, 2010 10:36 am at 10:36 am |
  4. Bill from GA

    Probably the worst legacy of george W bush is the idea that we can have a great country without paying for it.

    Hearing that Bill Clinton is on board the run-away train doesn't change a thing.

    December 11, 2010 10:38 am at 10:38 am |
  5. Liberated Liberal

    Welp, looks like we need to see at least $900 billion in cuts to unnecessary programs like some of those in the military and those studies on the mating rituals of the TseTse fly.

    December 11, 2010 10:46 am at 10:46 am |