Final GOP tax bill would increase deficits by just under $1.5 trillion, early congressional estimate says

Final GOP tax bill would increase deficits by just under $1.5 trillion, early congressional estimate says
Final GOP tax bill would increase deficits by just under $1.5 trillion, early congressional estimate says

The final Republican tax bill would expand budget deficits by more than $1.4 trillion over a decade, according to a "very preliminary" congressional analysis of the plan.

Crucially, it would mean the GOP plan slips under the maximum $1.5 trillion it is allowed to add to the deficit under rules set by the Senate earlier this year.

This is breaking news. Please check back for updates.

CNBC

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