Tax Extenders Will Cut US Debt Ratio By One-Third: CBPP

Law360, New York (December 10, 2013, 1:58 PM EST) -- If Congress pays to extend all temporary tax provisions that are set to expire in 2013 and 2014, it will slash the nation’s projected debt ratio increase by one-third, according to a report released Monday by the Center on Budget and Policy Priorities.

Publicly held debt encompassed 75 percent of the nation’s gross domestic product in 2013, and the figure will rise to 99 percent by 2040 if current policies remain in place, according to the CBPP. But the 24-point rise can be cut in third...
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