The Budget Deficit Debate CBO Tosses in its Two Cents
By Caitlin Jones
1 min read
Tax Credit Advisor, April 2011: There’s one more log for the fire in the Washington debate about the federal budget deficit. The Congressional Budget Office has issued a new 256-page report that lays out a broad array of specific possible options for cutting the federal deficit, some of them absent from a flurry of similar reports issued a few months ago and some that would directly impact housing and community development.
The menu includes items to cut or eliminate federal spending for certain current federal programs, curb the growth in spending, raise fees, and end or cut back various existing federal tax expenditures.
