The House-passed version of President Donald Trump’s tax and spending bill would add $2.42 trillion to US budget deficits over the next decade, according to a new estimate from the Congressional Budget Office.
The bill faces opposition in the Senate, where lawmakers have expressed varying demands for changes, and Trump administration officials have dismissed CBO projections as inaccurate.
The bill would make permanent Trump’s 2017 income-tax cuts, provide new benefits, and feature federal spending cuts, including to clean-energy credits, and new work requirements for Medicaid beneficiaries and new guidelines for the Supplemental Nutrition Assistance Program. Senator Bill Hagerty, Republican from Tennessee joins to discuss the future of the tax bill and what changes might be in store for the House-passed tax-cut and spending bill.
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