CBO and the Joint Committee on Taxation will soon release estimates of the effects of the version of H.R. 1628, the Better Care Reconciliation Act, posted this morning on the Senate Budget Committee’s website.
Later today, CBO and the Joint Committee on Taxation (JCT) will release estimates of the effects of the Obamacare Repeal Reconciliation Act of 2017.
Under the President’s proposals, budget deficits from 2018 through 2027 would total nearly one-third less than those in CBO’s baseline projections, ranging between 2.6 percent and 3.3 percent of GDP, down from 3.6 percent in 2017.
The federal budget deficit was $520 billion for the first nine months of fiscal year 2017, the CBO estimates—$120 billion more than the shortfall recorded during the same span last year.