Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

Republican Tax Cuts To Add To Deficit?

Duration: 00:49s - Published: < > Embed
News video: Republican Tax Cuts To Add To Deficit?Donald TrumpDonald Trump

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..

0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 

Recent related news

Deficit worries complicate path for Republican tax cuts

WASHINGTON (Reuters) - Unease among Republicans about a massive increase in the federal deficit could...
Reuters - Front Page

CBO: Tax Bill Could Trigger $25B in Medicare Cuts in 2018

The Congressional Budget Office (CBO) on Tuesday said the Republican tax legislation, that would...
Newsmax - Politics

Sen. Hatch to Dems saying tax cuts are for rich: ‘Bull crap’

WASHINGTON (AP) — A debate between two senators over whether Republican tax cuts are aimed at...
Seattle Times - Front Page

The Republican tax bill could force billions of dollars in cuts to programs like Medicare

The Republican tax bill could force billions of dollars in cuts to programs like Medicare** · *Republicans' Tax Cuts and Jobs Act would add $1.5 trillion to the federal deficit over 10...
Business Insider - Business

A tax cut, but for whom? Republican plans favor business.

Senate and House leaders say their tax cuts will boost economic growth and household incomes. But...
Christian Science Monitor - Front PageAlso reported by •bizjournals


Pass-through businesses to see cuts under tax plan: Steven Mnuchin

WASHINGTON (Reuters) - The majority of small businesses and non-corporate enterprises known as...
Reuters - Business

Tech pulls Wall Street lower, investors fret about tax cut delays

(Reuters) - Wall Street dropped on Thursday, weighed down by losses in Apple Inc and other technology...
Reuters - Business

Hassett Says Stock Markets May Be Counting on Tax Cuts

Kevin Hassett, the chairman of the White House Council of Economic Advisers, said Tuesday that stock...
Wall Street Journal - Business

Montana lawmakers return for deficit-focused special session

HELENA, Mont. (AP) — Montana lawmakers return to the Capitol this week for a special session to...
Seattle Times - Front Page


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+