CBO Estimates Debt Limit Bill Would Cut Deficit by $4.8 Trillion

CBO Estimates Debt Limit Bill Would Cut Deficit by $4.8 Trillion

U.S. Congressional Budget Office

H.R. 2811, the Limit, Save, Grow Act of 2023, would reduce deficits through 2033 by $4.8 trillion, with energy tax provisions raising $569 billion overall and IRS funding-related provisions costing $119.7 billion, the Congressional Budget Office said in an April 25 report.

H.R. 2811, the Limit, Save, Grow Act of 2023, would reduce deficits through 2033 by $4.8 trillion, with energy tax provisions raising $569 billion overall and IRS funding-related provisions costing $119.7 billion, the Congressional Budget Office said in an April 25 report.

H.R. 2811, the <a href="/lr/resolve//7gkcd">Limit, Save, Grow Act of 2023</a>, would reduce deficits through 2033 by $4.8 trillion, with energy tax provisions raising $569 billion overall and IRS funding-related provisions costing $119.7 billion, the Congressional Budget Office said in an April 25 report.