Jonathan Cohn
CBO is out with its rough estimates of the Senate Finance bill as it looks now, following the amendments made during the recent markup hearings. Here's my initial take, informed loosely by a few conversations with experts and insiders:
The good news, substantively and politically, is that CBO expects the measure would reduce budget deficits by $81 billion over the next decade and by even larger sums in the following decade. (It won't say exactly how much it expects the bill to reduce deficits over the following decades, given that it's hard to be specific with such long-range estimates.)
The coverage news is not quite so good--although, to be honest, it's better than I expected, given the rumors running around today.
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