New estimate: GOP’s second tax cuts would add $3.8 trillion to deficit

A second round of Republican tax cuts would add an additional $3.2 trillion to the federal deficit over a decade, according to a new report released by a centrist think-tank. The package was taken up by a House committee on Thursday and is expected to head to a vote on the floor later this month.… Continue reading New estimate: GOP’s second tax cuts would add $3.8 trillion to deficit

GOP tax law will add $1.9 trillion to debt: CBO

The GOP’s signature tax law is projected to increase the national debt by $1.9 trillion between 2018 and 2028, according to a new report by the Congressional Budget Office. According to the report, the tax law would cost the government $2. via GOP tax law will add $1.9 trillion to debt: CBO The whole point was… Continue reading GOP tax law will add $1.9 trillion to debt: CBO