Boyle Statement on Final CBO Score of House-Passed Republican Budget Bill

WASHINGTON, DC – Congressman Brendan F. Boyle (PA-02), Ranking Member of the House Budget Committee, released the following statement in response to the nonpartisan Congressional Budget Office’s (CBO) final cost estimate for the Republican budget bill as passed by the House. CBO found that the bill would add a total of 2.4 trillion to the national debt.

“Even after the biggest cuts to health care and food assistance in U.S. history, the Republican bill for billionaires would still add a historic amount to our debt — all to give the ultra-rich more tax breaks.

Republicans cry crocodile tears over the debt when Democrats are in charge — but explode it when they’re in power. The Republican debt crisis will destabilize the economy and drive up mortgage rates, car loans, and credit card bills — making life more expensive for everyone.

In the words of Elon Musk, this bill is a ‘disgusting abomination.’”

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