CRFB Recommends Maximizing Spending Cuts

WASHINGTON, DC -- The Committee for a Responsible Federal Budget urged Congress to hold off on passing the tax cuts permitted in this year’s budget.
The current budget resolution calls for $35 billion in savings from entitlement programs and allows for tax cuts of $106 billion, including $70 billion under fast-track reconciliation procedures. The Committee has recommended that Congress instead proceed with passage of at least the level of spending reductions in the budget resolution and preferably increase the level as the House did, while holding off on any tax cuts that would widen the budget deficit.

For the full press release, please see the attached PDF file.

Learn More About: Maya MacGuineas
Related Programs: Committee for a Responsible Federal Budget
Topics: Fiscal Policy