CBO Revises Fiscal Cliff Deal Rating
Article posted by Curtis Wright
January 03, 2013
The Congressional Budget Office revised its original estimates of spending cuts and tax increases down to a ratio of $10 in tax increases for every $1 in spending cuts on Tuesday.
The original estimate CBO came out with late Monday, as reported by Fox News and Breitbart News among others, was $41 in tax increases to $1 in spending cuts.