CBO Says Obama’s Jobs Bill Reduces Deficit
The Congressional Budget Office also approved of the Senate version of the bill that includes a milli0naires surtax, and says the bill pays for itself in ten years.
The CBO said that the original Obama stimulus bill would involve $447 billion in tax cuts and new spending—the same estimate given by the administration. It said the bill would raise $450 billion over ten years. The result is a $3 billion decrease in deficits over ten years.Click here for reuse options!
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