Chairman Yarmuth Statement on CBO Baseline
Washington, D.C. – Kentucky Congressman John Yarmuth, Chairman of the House Budget Committee, issued the following statement on the release of the Congressional Budget Office’s (CBO’s) updated budget and economic outlook:
“With our economy in a period of strong growth, history shows our nation’s fiscal health should be strong as well. Instead, the budget baseline released by CBO today makes clear that the Republicans’ massive tax giveaway to millionaires and big corporations is inflicting serious damage on our budget outlook. We are facing trillion-dollar deficits and an increasingly bleak fiscal future. House Democrats are committed to addressing our growing deficits, and doing it in a fair and responsible way.”
Tomorrow morning, the House Budget Committee will hold its first hearing of the year with CBO Director Keith Hall on the latest baseline.