Republican tax bill would add $3.7 trillion to the national deficit: JCT
The tax portion of Republicans' wide-ranging bill full of President Trump's domestic priorities would cost $3.7 trillion over the next decade, the Joint Committee on Taxation (JCT) found.
That fits within the parameters laid out in the budget blueprint Congress adopted earlier this year, which allowed the House Ways and Means Committee up to $4.5 trillion for changes that could increase the deficit.
Tables from the JCT, which is the official revenue scoring body of Congress, show that extensions of the 2017 tax cuts and other measures will add about $5 trillion to the deficit, while cuts to renewable energy incentives and amped international tax enforcement will reduce the deficit by about $2 trillion.
The JCT score does not provide an estimate for the restriction of Medicaid coverage proposed by Ways and Means Republicans but says the estimate will be provided by the........
© The Hill
