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Republican Tax Cuts To Add To Deficit?

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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..

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