One crucial challenge ahead will be for the House to accept the way the Senate's budget plan allows for extending the tax cuts under a scoring method that treats them as not adding to future deficits, something many House Republicans reject.
A new estimate from the joint committee on taxation projects the tax breaks will add $5.5tn in debt over the next decade when including interest, and $4.6tn not including interest. On top of that, the senators added an additional $1.5tn that would allow some of Trump's campaign promises, such as no taxes on tips, social security benefits and overtime, swelling the overall the price tag to $7tn...
No comments:
Post a Comment