re: Breaking: GOP Drops "Tax Increase" Deal from Tax Bill and Have Votes (Collins a Firm Yes)

quote:

---

The tax bill will inceasee the deficit. That’s a fact
No. It actually is not a fact.

---

Depends on the growth assumption.

The dynamic score from Joint Committee on Taxation (see link below) projected the tax cut would swell the deficit by $1 trillion over the next 10 years, even with increased economic growth produced by the tax cuts included, which are projected to be 0.8% annually,

LINK