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Earl Gregg Swem Library

Estimated Deficits and Debt Under the … Tax Cuts and Jobs Act

Categories: Business/Economics,Govt Finance,Headlines,Laws/Regulations,Statistics,Taxes

https://www.cbo.gov/system/files/115th-congress-2017-2018/costestimate/hr1deficitsanddebt.pdf

Estimates that passage of the proposed legislation in its current form would increase federal deficits to $1.7 trillion in the 2018-2027 period and bring the debt figure to 97.1% of GDP.  From the Congressional Budget Office