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Analysis: House GOP tax bill adds $1.3T to the deficit
The Hill: The tax reform bill House Republicans passed last week would not produce enough economic growth to fully offset the more-than-trillion-dollar revenue losses produced by the measure, according to an analysis from the Tax Policy Center (TPC).
The cost of the legislation would go from $1.436 trillion before accounting for economic growth to $1.266 trillion after factoring them in, the TPC said in a report released Monday.
The TPC's findings contrast with comments Treasury Secretary Steven Mnuchin has made in the past; Mnuchin and other GOP officials have argued that tax legislation would pay for itself through growth and eliminating deductions.
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