So much for republicans being concerned with deficits
The deficit will hit $1.05 trillion in 2019 and $1.1 trillion in 2020, according to the Committee for a Responsible Federal Budget, if Congress passes the tax cut legislation it’s currently negotiating, along with disaster relief and other measures meant to avert arbitrary limits on spending established several years ago. The tax cuts alone would add about $150 billion to the deficit each year, on average, with other likely changes pushing that up by another $25 billion per year, or so. Deficits will only get larger, unless there are major cutbacks in spending or new taxes in the future.
https://finance.yahoo.com/news/trump-join-obama-1-trillion-deficit-club-195008307.html
The deficit will hit $1.05 trillion in 2019 and $1.1 trillion in 2020, according to the Committee for a Responsible Federal Budget, if Congress passes the tax cut legislation it’s currently negotiating, along with disaster relief and other measures meant to avert arbitrary limits on spending established several years ago. The tax cuts alone would add about $150 billion to the deficit each year, on average, with other likely changes pushing that up by another $25 billion per year, or so. Deficits will only get larger, unless there are major cutbacks in spending or new taxes in the future.
https://finance.yahoo.com/news/trump-join-obama-1-trillion-deficit-club-195008307.html
