Senate Democrats

Schumer: CBO Report Shows Need For Congress To Enact Jobs Measures To Boost Growth

Senator: Independent Analysis Also Confirms Need To End Millionaire Tax Breaks To Reduce Long-Term Deficits

WASHINGTON, DC—U.S. Senator Charles E. Schumer released the following statement Wednesday in response to the budget outlook released by the Congressional Budget Office today:

“This analysis reveals two productive trends—reduced long-term deficits and gains in economic growth—but neither is as robust as is needed to get our economy going again.  This makes the case for immediate jobs measures to boost growth, and for ending tax breaks for millionaires in order to keep us on the path towards a balanced budget.  It’s clear from this report that the Republican approach to the economy is harmful to both growth and deficit reduction, and is holding back the recovery.”