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Sunday, July 15, 2018

5 CBO Findings About Improving The Economy That Republicans Will Always Ignore

John Boehner
Republicans celebrated a new report from the Congressional Budget Office this week that said raising the minimum wage to $10.10 could cost the economy 500,000 jobs.

Our Joe Conason hollowed out the arguments the right uses against raising wages for America’s lowest-paid workers. Richard Trumka — head of America’s largest labor union, the AFL/CIO — encouraged Democrats to ignore the report and “prove the CBO wrong.” Cook Political Report‘s Amy Walter points out that the report will do little to help Republicans case because “more Americans simply think that a rise in the minimum wage is a good thing for the economy.”

President Obama confirmed that the issue still tops his party’s agenda in a Friday morning speech to Democratic governors, where he said the issue is good policy and good politics, noting that New Jersey voters approved an increase even while electing a Republican governor in a landslide.

However, since Republicans are suddenly listening to what the CBO is projecting, here are five other findings from the non-partisan organization that offer a pretty simple path to growing the economy while reducing the deficit.

Photo: Speaker Boehner via Flickr