Mitch McConnell said Saturday that the Senate tax bill is a “revenue-neutral tax reform bill.” Every major analysis of the bill says that it would add at least $US1 trillion to the deficit. Republicans have not produced an analysis that shows the bill would be revenue neutral. On Saturday, Senate […]
The Joint Committee on Taxation released an analysis of Senate Republican tax bill’s economic impact. The JCT estimated the bill would increase US GDP by 0.8% above the current baseline over the first 10 years the bill is enacted. The JCT estimated the bill would add roughly $US1 trillion to […]
A Joint Committee on Taxation analysis of the Senate GOP tax bill leaked late Wednesday. The report found that in 2019, 8.1% of Americans would see their taxes increase by at least $US100, while 61.7% would see a cut of at least $US100. In subsequent years, however, fewer people would […]
