Washington (Oct. 1, 2003) -- A coalition of bipartisan budget analysis groups warned that the 10-year federal deficit could exceed $5 trillion and called on both Congress and President George W. Bush to “develop a realistic plan for putting the nation‘s fiscal house in order.”
The study, conducted by the Center on Budget and Policy Priorities, the Concord Coalition, and the Committee for Economic Development, takes into consideration the cost of continuing alternative minimum tax relief, permanently extending President Bush's 2001 and 2003 tax cuts, and other domestic spending.
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