CBO Estimates H.R. 7327 Would Increase Deficit by $169 Billion

U.S. Congressional Budget Office

H.R. 7327, the Child Care for Economic Recovery Act, which would expand child care tax relief, would increase spending from 2020 to 2030 by $112.4 billion and reduce revenues by $56.7 billion, resulting in a deficit increase of $169.1 billion, the Congressional Budget Office said in a July 17 report.

<p>H.R. 7327, the Child Care for Economic Recovery Act, which would expand child care tax relief, would increase spending from 2020 to 2030 by $112.4 billion and reduce revenues by $56.7 billion, resulting in a deficit increase of $169.1 billion, the Congressional Budget Office said in a July 17 report.</p>

<p><a href="/lr/resolve//2cnlh">H.R. 7327</a>, the Child Care for Economic Recovery Act, which would expand child care tax relief, would increase spending from 2020 to 2030 by $112.4 billion and reduce revenues by $56.7 billion, resulting in a deficit increase of $169.1 billion, the Congressional Budget Office said in a July 17 report.</p>