CBO Says Obama’s Jobs Bill Reduces Deficit

Posted by | October 8, 2011 13:02 | Filed under: Top Stories

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!
Copyright 2011 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

Leave a Reply