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GOP Tax Bill Would Add Nearly $4 Trillion to Deficit

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The Joint Committee on Taxation found the tax portion of Republicans’ wide-ranging bill full of President Trump’s domestic priorities would cost $3.7 trillion over the next decade, The Hill reports.

Playbook: “That’s a boon for GOP leaders, since it comes in under their $4 trillion target with some room to spare — perhaps for negotiations on the state and local tax deduction. In particular, new tax breaks Trump proposed would cost less than some experts expected. The overall cost would still vastly outstrip the savings from spending cuts.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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