WASHINGTON, Aug. 11 -- The House Budget Committee issued the following press release:
WASHINGTON, D.C. - Yesterday, the Congressional Budget Office (CBO) published its Monthly Budget Review which showed non-tariff revenues are up by $50 billion thanks to the pro-growth policies enacted by the One Big Beautiful Bill.
House Budget Chairman Jodey Arrington:
"CBO's Monthly Budget Review for July reinforces why we fought to make the One Big Beautiful Bill law: Republicans' pro-growth tax policies continue to generate more revenue than CBO anticipated, while low- and middle-income Americans are receiving record tax refunds. CBO raised its estimate for non-tariff revenues-including income and payroll taxes-by $50 billion. That is a testament to...