CBO Estimates Cost Of Extending Bush Tax Cuts & Unemployment Extension at $893 billion

December 11th, 2010
in Background

Congressional Budget Office (CBO) estimate of Changes in Revenues and Direct Spending for S.A. 4753, an amendment to H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 was estimated to increase the USA deficit by $892,852,000,000 over the next five years.  (source: CBO report)

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