Name:   MartiniMan - Subject:   CBO is the Liar,Liar,Pants on Fire Date:   6/30/2025 9:23:34 AM

Goofy, you really need to listen to those that actually know what's going on and not the media spin or Democrat/RINO lies about the CBO estimates.  You do realize that the CBO estimate for adding to the deficit over 10 years is a result of keeping our current tax rates instead of raising them, right?  No, I know you didn't...you just seized on a headline and ran with it.

A little history lesson for you.  In 2017 the CBO projected little annual economic growth over ten years (1.8%) which is why their estimates about the impact of the tax regime were so far off.  They were a massive 1% off in GDP growth (pre- and post-pandemic) and their estimate of wage growth was around half of what actually happened.  And the biggest one of all, they projected tax revenue would drop by $1.5T over ten years......spoiler alert, they have gone up....bigly.  CBO was off by $885B in their 2022 projection alone. That's almost a trillion dollars of revenue over what they projected would happen in just 1 year alone.  Lower tax rates results in higher revenue to the Treasury...always has and always will.  Higher tax rates reduces economic and wage growth which decreases revenue far more than higher rates increase it.

So pardon me when I scoff at people holding up CBO estimates as proof of what will happen, especially when they project a deficit increase based on assumed reductions in tax revenue based on keeping rates the same as they currently exist.  We saw it with the Reagan tax cuts and the Trump cuts, when rates are lower, revenues to the Treasury go up due to greater economic growth than the CBO estimates....every time. And when rates go up we almost always get a recession....just ask Bill Clinton who admitted as much and what cost Algore the Presidency.  The current bill reduces spending in many areas, obviously not as much as it should have.  You can thank Democrats, RINOs and the leftist Senate Parlimentarian who magically assumed that many of the cuts in the House bill needed 60 votes, not 51.  Another spoiler alert, Democrats will not allow cloture to have those spending cuts voted on in the Senate.

We have a spending problem, not a revenue problem and while both parties are culpable, Democrats are far more to blame than the GOP.