Comment on Obama’s budget would cut the deficit by $1.05 trillion, says Congressional Budget Office

Obama’s budget would cut the deficit by $1.05 trillion, says Congressional Budget Office

WASHINGTON (Reuters) – President Barack Obama’s fiscal 2015 budget request would boost U.S. tax revenues by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on Thursday. There is virtually no chance that Congress will advance Obama’s plan in its entirety.

 

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