HEROES Act Would Increase Deficit by $2.4 Trillion, CBO Says

HEROES Act Would Increase Deficit by $2.4 Trillion, CBO Says

U.S. Congressional Budget Office

H.R. 925, the HEROES Act, would increase spending by $1.3 trillion from 2021 to 2030 and raise $68 billion in revenue, for a deficit of $2.4 trillion, with much of the spending coming from recovery rebates to individuals, relief provisions for businesses, and extended unemployment benefits, the Congressional Budget Office estimated October 16. 

H.R. 925, the HEROES Act, would increase spending by $1.3 trillion from 2021 to 2030 and raise $68 billion in revenue, for a deficit of $2.4 trillion, with much of the spending coming from recovery rebates to individuals, relief provisions for businesses, and extended unemployment benefits, the Congressional Budget Office estimated October 16.

<a href="/lr/resolve//2d08s">H.R. 925</a>, the HEROES Act, would increase spending by $1.3 trillion from 2021 to 2030 and raise $68 billion in revenue, for a deficit of $2.4 trillion, with much of the spending coming from recovery rebates to individuals, relief provisions for businesses, and extended unemployment benefits, the Congressional Budget Office estimated October 16.