CBO Analysis of Trump Budget Shows Need for Entitlement Reform, Pro-Growth Tax Policies

The Congressional Budget Office (CBO) released its analysis of President Donald Trump’s budget request last week, and it wasn’t good news.
The report paints a stark picture of the proposal compared to the administration’s findings, showing that the president’s budget would never reach balance.
In the report, CBO uses different criteria and assumptions than the Office of Management and Budget, which has promoted the budget on behalf of the administration.
Despite the disagreement between the two organizations, one thing is clear: It is impossible to balance the budget over the long term without reforming Medicare and Social Security, which are the key drivers of federal spending and debt.
In May, the president released his “America First” budget titled, “A New Foundation for American Greatness.” The Office of Management and Budget reported that the plan would reach a modest balance by fiscal year 2027 and dramatically slow the growth of the federal debt, reducing it

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