CBO: ‘Cadillac’ Tax Repeal Bill Would Grow Deficit by $197 Billion

CBO: ‘Cadillac’ Tax Repeal Bill Would Grow Deficit by $197 Billion

U.S. Congressional Budget Office

H.R. 748, the Middle Class Health Benefits Tax Repeal Act of 2019, would cut revenues by $200.6 billion from 2019 to 2029 and cut spending by $3.6 billion, resulting in a $197 billion deficit increase, the Congressional Budget Office said in a July 17 report.

H.R. 748, the Middle Class Health Benefits Tax Repeal Act of 2019, would cut revenues by $200.6 billion from 2019 to 2029 and cut spending by $3.6 billion, resulting in a $197 billion deficit increase, the Congressional Budget Office said in a July 17 report.

<a href="/lr/resolve//2948t">H.R. 748</a>, the Middle Class Health Benefits Tax Repeal Act of 2019, would cut revenues by $200.6 billion from 2019 to 2029 and cut spending by $3.6 billion, resulting in a $197 billion deficit increase, the Congressional Budget Office said in a July 17 report.