November 30, 2017


Analysis Says Bill Adds $1 Trillion to Deficit (THE NEW YORK TIMES, 11/30/17)

The congressional Joint Committee on Taxation said Wednesday afternoon that the Senate tax bill would add $1 trillion to federal budget deficits over the next decade, even after accounting for additional economic growth, a major blow to Republicans' contention that the $1.5 trillion tax cuts in the bill will pay for themselves through growth.

The committee, which serves as the scorekeeper for growth and revenue estimates in tax bills, estimated that the Senate bill would boost economic growth by 0.8 percent over a decade.

It's not easy to achieve that little, but, if anyone can, Donald will..

Posted by at November 30, 2017 5:29 PM


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