Boyle Statement on CBO Long-Term Budget Outlook

Statement

"Looking back to where we were just three years ago, the progress we have made is extraordinary. Just as President Biden outlined in his speech in Chicago today, this CBO report both recognizes the long-standing challenges facing our nation while underscoring the strength and stability of our record-breaking recovery. Thanks to President Biden's vision and lifesaving legislation passed by Congressional Democrats, we've achieved the fastest and most equitable recovery in decades, growing the economy from the middle out and bottom up by investing in America's greatest resource: its people."

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"As previous CBO reports and other data sources have shown, our record-breaking recovery did not happen by accident. When you look at where the United States economy is now versus all our peer countries, you would rather be the United States than any other country. American families will enjoy the benefits of Democrats' economic achievements today and for years to come, as our investments continue to transform our communities, grow the middle class, shrink deficits, and ensure America can compete to win in the global marketplace. However, today's CBO report also underscores the damage done by decades of Republicans' unpaid-for tax cuts for the mega-rich and well-connected."

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"While Republicans continue to prioritize the wealthy over the working, House Budget Democrats will keep fighting to protect Social Security and Medicare, create more jobs, lower families' costs, enforce our tax laws, and safeguard lifeline programs from Republican cuts. As Ranking Member, I look forward to a strong, continued partnership with President Biden and his Administration as we strive for economic growth that benefits all Americans in all of America."

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