The CBO thinks Trump's budget math is about $3.4T off
When the Congressional Budget Office scored President Trump's budget this week, some of the numbers came out looking different -- very different.
The White House says its blueprint balances the budget over the next decade, reining in the deficit from $603 billion this year to a $16 billion surplus in 2027. But the CBO estimates a $720 billion deficit in 2027 -- and more than double the cumulative deficit over the next 10 years.So here's the fundamental mismatch: The CBO says Trump's budget math overestimated economic growth to the tune of $3.4 trillion in tax revenue over next decade.Trump's calculations rest on the assumption that rea...
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