Unease among Republicans about a massive increase in the federal deficit could complicate passage of two tax-cut bills working their way through the U.S. Congress.
This development endangers President Donald Trump’s top legislative priority.
The Committee for a Responsible Federal Budget is a nonpartisan budget watchdog in Washington.
On Friday, the committee called a Senate Republican tax plan a “fatally flawed budget buster.
” It likened it to Republican legislation in the House of Representatives that the House tax committee has approved.
According to congressional tax analysts, both measures would add $1.
5 trillion over 10 years to the annual budget deficit and the $20 trillion national debt..