Government Information

Earl Gregg Swem Library

Effects of Legislation That Would Raise Deficits by an Estimated $1.5 Trillion over the 2018-2027 Period

Categories: Govt Finance,Laws/Regulations

https://www.cbo.gov/system/files/115th-congress-2017-2018/costestimate/hr1hoyerletter.pdf

Estimates that enacting legislation that would create such a large deficit over a ten-year period would require annual federal spending sequestrations in excess of the amount available in accounts subject to automatic reductions.  From the Congressional Budget Office