The White House's exceedingly dishonest attack on the Congressional Budget Office

14 July 2017, 12:14 | Myrtle Hill

Chip Somodevilla via Getty Images President Barack Obama signs the Affordable Care Act in the East Room of the White House

Chip Somodevilla via Getty Images
President Barack Obama signs the Affordable Care Act in the East Room of the White House

On Thursday, the White House budget office took heart that CBO credited it with $4.2 trillion worth of spending cuts over the upcoming decade, including $1.9 trillion from health care programs; it also says the administration would cut taxes by nearly $1 trillion over that time, mostly because of its plans to repeal the Affordable Care Act. The CBO isn't convinced that those tax cuts will generate much additional economic growth, either.

A new analysis from the nonpartisan Congressional Budget Office didn't exactly come to that conclusion.

"The president's proposals would affect the economy in a variety of ways; however, because the details on numerous proposed policies are not available at this time, CBO can not provide an analysis of all their macroeconomic effects or of the budgetary feedback that would result from those effects", the report said.

"Today's CBO report makes clear just how far the President's budget is from balance", said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, in a statement.

The cumulative deficit from 2018 to 2027 under Trump's budget, if enacted, would total $6.8 trillion.

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CBO also said that the Trump budget contained too little detail to accurately predict its effects on the economy. Its projections included a $2 trillion math error, claiming the amount would be spent twice on balancing the budget and tax cuts. The White House didn't want you to see it.

There was no immediate reaction to the report from the Trump administration. Why is there such a big gap between what the White House delivered and the CBO's forecast? The changes to Medicaid have been a point of political contention among Republican lawmakers.

President Donald Trump's proposed budget would slash the federal deficit over the course of a decade, but it would not balance, according to an analysis from the Congressional Budget Office released on Thursday.

"We are thrilled that CBO confirms that the president's proposed budget resulted in the largest deficit reduction they have ever scored".



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