Policy · 115th Congress
CBO: US Debt Burden Set to Break Record in Early 2030s
Under current law, revenue is projected to be relatively flat over the next few years in relation to GDP, rise slowly and then jump in 2026 after certain tax cuts expire.
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Under current law, revenue is projected to be relatively flat over the next few years in relation to GDP, rise slowly and then jump in 2026 after certain tax cuts expire.
lot of this is a gimmick” in pointing to the bill’s expiration dates for some of the lower rates, which were written to hold down the short-term cost but will prove politically tough to stick with come 2026
Many moderates balked at an early analysis that showed the Republican proposal would leave more than 24 million more people without insurance coverage in 2026, compared to expected insurance rates under
When the CBO finally scored it, they warned that 24 million fewer Americans would be insured by 2026 than under Obamacare, a number even worse that Price's own repeal bill that passed in 2015.