Exploring Tax Cuts, Jobs, and CBO in the News”The news today is all about this question: Will the Tax Cuts and Jobs Act reduce deficits and what will happen to the U.S. debt? Watch this video: U.S. Deficit to Surpass $1 Trillion Two Years Ahead of Estimates, CBO Says The video cites the Congressional Budget Office (CBO). Discuss these questions in your post:Visit the CBO website and confirm that the reporting is accurate. Was the reporting accurate? Why or why not?Do you think the Tax Cuts and Jobs Act will reduce our deficits? Explain your answer.
