Press Release ● Jobs & the Economy
For Immediate Release: 
May 14, 2018
Contact Info: 
Mariel Saez 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today on the Congressional Budget Office's analysis of House Republicans' rescissions package:

"Friday's analysis from the nonpartisan Congressional Budget Office (CBO) reveals Republicans' rescission argument for the charade it is.  While they claim it will lower deficits by $15 billion, CBO confirms it will only reduce outlays by $1 billion over the next decade.  That means for every dollar rescinded by this package, Republicans added nearly two thousand dollars to deficits in voting for their tax law, which will cost the American people more than $1.8 trillion dollars over the next ten years. 

“Taxpayers deserve leaders in Congress who are honest about the costs of their policies and the burden they will place on our children and grandchildren and our ability to invest in jobs, opportunity, and national security for this nation over the long term."