H.R. 2 Would Increase Deficit by $449.6 Billion, CBO Estimates

H.R. 2 Would Increase Deficit by $449.6 Billion, CBO Estimates

U.S. Congressional Budget Office

H.R. 2, the Moving Forward Act, would increase spending by $236.6 billion from 2020 to 2030 and decrease revenues by $212.9 billion, resulting in a deficit of $449.6 billion, with the majority of the revenue loss coming from expanding various infrastructure investment tax credits, according to June 30 estimates from the Congressional Budget Office.

H.R. 2, the Moving Forward Act, would increase spending by $236.6 billion from 2020 to 2030 and decrease revenues by $212.9 billion, resulting in a deficit of $449.6 billion, with the majority of the revenue loss coming from expanding various infrastructure investment tax credits, according to June 30 estimates from the Congressional Budget Office.

<a href="/lr/resolve//2cn78">H.R. 2</a>, the Moving Forward Act, would increase spending by $236.6 billion from 2020 to 2030 and decrease revenues by $212.9 billion, resulting in a deficit of $449.6 billion, with the majority of the revenue loss coming from expanding various infrastructure investment tax credits, according to June 30 estimates from the Congressional Budget Office.