USATODAY- CBO Report: Budget deficit will turn to surplus if Bush's tax cuts expire

USATODAY.com: "Report: Budget deficit will turn to surplus if Bush's tax cuts expire

By Richard Wolf
USA TODAY

WASHINGTON — Making President Bush's tax cuts permanent will prolong big budget deficits into the next decade, the Congressional Budget Office projected Thursday.

But if those tax cuts are allowed to expire after 2010 — effectively a tax increase Bush has sworn to oppose — the budget would begin showing a surplus in 2012, the CBO's budget projections showed. Bush wants Congress to make the tax cuts permanent before he leaves office in 2009."