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Running head: EXPLORING TAX CUTS, JOBS, AND CBO IN THE NEWSExploring Tax Cuts, Jobs, and CBO in the NewsStudents NameInstitutional Affiliation1EXPLORING TAX CUTS, JOBS, AND CBO IN THE NEWS2This reporting that the country deficit will surpass $ 1 Trillion by 2020 is not what the CBO(Congressional Budget Office) report had set. CBO website report published June 2017 hadprojected that the nations deficit would only surpass the amount given, trillion-dollar level in thefiscal year 2022 (Congressional Budget Office, 2017). According to the Wasson and McGregorshared video and reporting, suggests that the budget will be in that deficit amount, two years soonerthan what Congressional Budget Office had previously estimated if the policies remain unchanged.To point a few, the precious CBO projection had forecasted that 2018 deficit to be around $563billion, where the current report as observed from the shared report projected to be $804 billion.Also for fiscal 2019, the previous report had projected $689 billion, which as in the provided caseis projected to be $981 billion (Wasson, & McGregor,2018).No, tax cuts, as well as the job acts, do not reduce the nation ...


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