US EditionWhat is the CBO? A look at the small office inflaming debate over Trump’s tax bill
- The Congressional Budget Office released new data in early June 2025, central to debates on Trump's tax bill and related policies in Washington DC.
- This release followed intense Republican criticism of the CBO, with disagreements over deficit estimates and economic growth assumptions linked to Trump's tariffs and spending bills.
- The CBO projects Trump's tariffs will reduce the fiscal deficit by $2.8 trillion, but tariffs may slightly lower GDP by 0.6% by 2035 and raise inflation through next year.
- Speaker Mike Johnson called the CBO "historically, totally unreliable," while the CBO head Phillip Swagel cautioned about significant uncertainty due to limited precedent on tariffs' effects.
- These conflicting views suggest continuing political contention, as the tax bill is forecast to add trillions to the debt but GOP leaders claim it could generate enough growth to offset deficits.
67 Articles
67 Articles
What is the CBO? A look at the small office inflaming debate over President Donald Trump’s tax bill
WASHINGTON — A small government office with some 275 employees has found itself caught in the political crossfire as Congress debates President Donald Trump’s “one big beautiful bill.” The Congressional Budget Office has projected that the legislation would increase federal deficits by about $2.4 trillion over 10 years. That’s a problem for a Republican Congress that has spent much of the past four years criticizing former President Joe Biden an…
Associated Press News
What is the CBO? A look at the small office inflaming debate over Trump's tax bill
A small government office with some 275 employees has found itself caught in the political crossfire as Congress debates President Donald Trump’s “one big beautiful bill.”
GOP takes 'talking point' from office that Republicans keep calling 'unreliable'
Republicans may soon be quoting the “totally unreliable” Congressional Budget Office (CBO), after new data shows President Donald Trump’s tariff policies could help to shrink US deficits.The CBO released data on Wednesday claiming Trump’s tariffs will cut the US fiscal deficit by $2.8 trillion. Bloo...
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