Tag: cbo

The CBO noted this year’s deficit will reach its second-highest on record since 1945.

Rubio is backing U.S. Sen. Tammy Baldwin’s, D-Wisc., “Built to Last Act” which they first worked on at the start of last year.

Florida’s two U.S. senators--Republicans Marco Rubio and Rick Scott--are backing U.S. Sen. Joni Ernst’s, R-Iowa, “ School Reopening and Spending Transparency Act” which “ would require the U.S. Department of Education to publish information on the status of taxpayer dollars and schools’ operating status.”

On Thursday, U.S. Sen. Rick Scott, R-Fla., wrote a letter to his colleagues in Congress urging them, once again, to join him in addressing the nation’s debt. Scott’s letter comes as the CBO reported that the federal debt would reach 107 percent of GDP in 2031, the highest level in U.S. history.

The CBO released the report on Monday and it found that 1.4 million Americans would lose their jobs if the minimum wage rose to $15 an hour even as 900,000 Americans would no longer live in poverty.

For the amendment to pass, 60 percent of Florida voters would need to support it at the ballot box in November.

On Wednesday, U.S. Sen. Rick Scott, R-Fla., sent a letter to Congressional Budget Office (CBO) Director Phillip Swagel asking him about the impact of the coronavirus on federal revenue losses. This follows the CBO’s Monthly Budget Review for April 2020, which reported that the federal deficit stood at an estimated $737 billion in the month of April, compared to a surplus of $160 billion in April 2019.

U.S. Sen. Rick Scott, R-Fla., took aim at the “Medicare for All” proposal championed by some Democrats in Congress and on the presidential campaign trail this week. 

“Through the RFS, the government created and subsidized a false market for ethanol fuels that is hurting Americans."