The Congressional Budget Office has released its annual Budget and Economic Outlook for 2026 to 2036, and once again, CBO and the media are blaming the nation’s deficit problem on Republican tax cuts. However, the 172-page report shows very clearly that higher spending, and not lower taxes, is the main reason for the rising deficits and debt.
A Washington Post story on the CBO report said the “GOP tax law fuels steeper deficits,” and cites the “massive cost” of the Republican tax cuts. Not one word in the entire article addressed the massive increases in spending projected by the CBO over the next 10 years.
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