Reuters logo
U.S. House Republican tax bill would add $1.7 trillion to deficit -CBO
November 8, 2017 / 6:39 PM / 10 days ago

U.S. House Republican tax bill would add $1.7 trillion to deficit -CBO

WASHINGTON, Nov 8 (Reuters) - The Republican tax bill being debated in the U.S. House of Representatives would add $1.7 trillion to the federal budget deficit over 10 years, when recent changes put forth by the head of its tax-writing panel and estimated debt service costs are included, the nonpartisan Congressional Budget Office said.

“By CBO’s estimate, additional debt service would boost the 10-year increase in deficits to $1.7 trillion,” the office said in a letter on Wednesday to Representative Richard Neal, the top Democrat on the tax-writing House Ways and Means Committee. (Reporting by David Morgan and Tim Ahmann; Writing by Susan Heavey; Editing by Kevin Drawbaugh and Paul Simao)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below