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Media will forget what's not included in 1/26's new CBO 10 yr forecast - ?

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-04 02:21 PM
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Media will forget what's not included in 1/26's new CBO 10 yr forecast - ?
There is a new 10-year Budget and Economic Outlook that the Congressional Budget Office that will release on Monday, Jan. 26.

Because of the "baseline rules" that CBO follows, the CBO projections will probably leave out several trillion dollars in likely costs over the next 10 years. For example, the baseline will omit the costs of extending relief from the Alternative Minimum Tax for millions of households and the costs of continuing a number of tax breaks that are routinely renewed every few years. The CBO baseline also will not include the costs of extending the tax cuts enacted over the past three years.

Anyone want to bet that the media does not "forget" to add the above facts to their commentary!
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