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Post by bot on Jul 16, 2017 19:18:45 GMT -5
Hoyer Statement on CBO Analysis of Trump's Budget Proposal
WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) released the following statement today on the Congressional Budget Office's analysis of President Trump's budget proposal:
“The Congressional Budget Office’s (CBO) analysis of President Trump’s budget proposal exposes just how hazardous this Administration’s policies would be to the long-term fiscal stability of this country. Like previous years’ House Republican budgets, the Trump budget relies on spurious accounting gimmickry to pretend that it reaches balance while ushering in an economic boom. As the CBO demonstrated today, removing the budget proposal’s double-counting and fantasy ‘MAGAnomics’ growth assumptions reveals that it does not reach balance – not even close – and would provide virtually no improvement to economic growth. No Member, on either side of the aisle, who worries about the long-term impact of our debt and fiscal responsibility, could ever support President Trump’s budget. If it were dead-on-arrival in Congress before, today’s analysis ought to bury it.”
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