Posted inEconomy

CBO Releases Estimate of Biden’s 2023 Budget, Hiking Taxes Part of Proposals to Increase Federal Revenue

By Naveen Athrappully The Congressional Budget Office (CBO) released its estimate of the Biden administration’s annual set of budgetary proposals to Congress, and examined how the proposals, if enacted, would affect budgetary outcomes in relation to CBO’s baseline projections. Based on CBO projections, President Joe Biden’s proposals will have the effect of budget deficits totaling $13.1 trillion over […]