CBO: Trump budget would not balance

The White House made a video attacking the budget office that gave devastating reviews to the GOP healthcare bills

"CBO innaccurately (sic) estimated 25 million would be covered under Obamacare", reads another part.

Under the President's proposals, budget deficits from 2018 through 2027 would total almost one-third less than those in CBO's baseline projections, ranging between 2.6 percent and 3.3 percent of GDP, down from 3.6 percent in 2017.

The cumulative federal deficit would be one-third smaller than CBO baseline projections that show deficits rising to 5 percent of GDP by 2027, the CBO said. Trump's budget also proposes saving $610 billion over the next decade by overhauling the Medicaid program, the CBO said.

Not only is the White House's criticism of the CBO based on a misleading critique of its Obamacare projection, but the video completely overlooks that a White House analysis of the House version of Trumpcare forecast even more drastic coverage losses than the CBO.

The CBO said did not take into account all of Trump's proposals that may affect the economy because "the details on numerous proposed policies are not available at this time".

That's opposed to the CBO score, which said the bill would cut Medicaid by almost $800 billion.

Deficit reductions would be a result of drastic spending cuts proposed under the Trump plan.

The analysis came as the administration and Republicans controlling the House are struggling to unite Republicans behind an alternative congressional budget plan that's a prerequisite for a hoped-for tax reform effort this fall.

The annual budget deficit in 2027 would be about $720 billion under Trump's proposal, the CBO said in a report, not eliminated as promised by the White House, which has projected a $16 billion surplus.

However, the deficits the CBO projects "are larger" than those estimated by the Trump administration, because the White House projects higher revenue due to faster economic growth projections.

"We are thrilled that CBO confirms that the president's proposed budget resulted in the largest deficit reduction they have ever scored".

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