June 26, 2017

Both Parties' Tax Plans Would Add to the Deficit

CBO Sees Trillions in a Decade
November 18, 2012
The Washington Times



“Everybody has forgotten that it is not just the tax cuts for the upper-income people; it is the entire package of Bush tax cuts that were unaffordable,” said Robert L. Bixby, executive director of the Concord Coalition, a bipartisan deficit watchdog.


Mr. Bixby said the tax cuts should be extended only if Congress comes up with a broad deficit-reduction plan with the kinds of savings and new revenues that would make a real dent in the deficit.