Options to Finance the Additional War Costs

Research Report

Options to Finance the Additional War Costs

September 29, 2003

Abstract

This note considers four options to raise approximately enough revenue to finance the additional $87 billion that the President has requested to finance the war and reconstruction costs in Iraq. Commentators and some members of Congress have expressed an interest in options to offset these additional costs so as not to add on to the burgeoning budget deficit, which CBO estimates to be $480 billion in fiscal year 2004.

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