And as Congress mulls large tax cuts, the tabs for Hurricanes Harvey, Irma and Maria keep rising. When Mr. Bush took office and pushed for a big tax cut, the fiscal outlook was strong. The Congressional Budget Office in 2001 was projecting $5.6 trillion in budget surpluses over 10 years. He did say he will not vote for a final tax plan if it would add to the deficit. “Every Republican I know of is concerned about the deficit,” said Senator John Kennedy, Republican of Louisiana.

Source: New York Times September 28, 2017 09:00 UTC