JCT analysis: Senate GOP tax plan would add $1 trillion to debt - News Summed Up

JCT analysis: Senate GOP tax plan would add $1 trillion to debt


(The Washington Post)One of the most controversial aspects of President Trump's tax plan is how much it costs. Now Congress's official estimators have weighed in: The Senate GOP bill would add $1 trillion to the debt even after accounting for economic growth generated by the tax cuts. The Senate GOP tax plan would cause faster economic growth -- about 0.8 percent more over the next decade, JCT found. Corker is not the only person worried about America's $20 trillion debt rising even higher (about $15 trillion is actually held by the public). Sen. Bob Corker promised not to let the GOP tax bill drive up the debt.


Source: Washington Post November 30, 2017 21:09 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */