GOP Tax Cuts Would add $1.7 Trillion to Deficit

GOP tax cut plan would add $1.7 trillion to the deficit, CBO (Congressional Budget Office) projects

• The amended House Republican tax plan will increase budget deficits by $1.7 trillion over 10 years, according to the CBO.
• It will also cause U.S. debt to rise more than current projections, the CBO said.
• The House is looking for other ways to raise revenue to offset tax cuts.

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https://www.cnbc.com/2017/11/08/house-tax-reform-plan-would-raise-deficit-by-1-point-7-trillion-cbo.html

About the CBO

https://en.wikipedia.org/wiki/Congressional_Budget_Office