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congressional analysis: gop senate tax package would increase deficit by $1 tril


washington (ap) — congressional analysis: gop senate tax package would increase deficit by $1 trillion, less than previous estimate.






senate appears poised to pass gop tax bill as leaders make final tweaks


the republican tax plan inched closer to senate passage thursday, but encountered new challenges after some dramatic, last-minute negotiations to win over gop holdouts concerned about a new congressional analysis that estimated the package would add $1 trillion to the nation’s deficit. republicans...






senate weighs scaling back tax package after report shows $1 billion deficit imp


senate republicans weighed scaling back the tax cuts in their massive package to secure crucial support as congressional analysts said thursday the legislation would add $1 trillion to the deficit over the next decade. republicans were making major changes to the bill — a top political priority...






senate appears poised to pass gop tax bill as leaders make final tweaks


the republican tax plan appeared headed for senate passage after some dramatic, last-minute negotiations thursday to win over gop holdouts concerned about a new congressional analysis that estimated the package would add $1 trillion to the nation’s deficit. republicans and the white house sorely...






senate weighs scaling back tax package to win deficit hawks


senate republicans weighed scaling back the tax cuts in their massive package to secure crucial support as congressional analysts said thursday the legislation would add $1 trillion to the nation's debt over the next decade.






correction for dec. 1, 2017


a chart on a8 tuesday mischaracterized federal deficit estimates. the congressional budget office estimates the debt will increase by $9.4 trillion from 2018 to 2027. under the senate republican tax plan, the cbo estimates the debt will increase by $10.8 trillion. the chart displayed deficit increases year-by-year.






senate weighs scaling back tax package to win deficit hawks; vote delayed to fri


senate republicans weighed scaling back the tax cuts in their massive package to secure crucial support as congressional analysts said thursday the legislation would add $1 trillion to the nation's debt over the next decade. republicans were making major changes to the bill up to the last minute,...






house republicans pass gop budget with $1.5-trillion deficit increase to fund tr


house republicans on thursday gave final approval to a 2018 gop budget resolution, allowing for a $1.5-trillion deficit increase that sets the stage for president trump’s tax cuts. republicans overcame internal divisions about the budget but must still resolve differences over the coming tax package,...






as deadline nears today, senate gop hustles to rewrite tax bill behind closed do


senate republicans are stepping quickly to meet competing demands of holdout gop senators for a tax overhaul package expected to add $1 trillion to the nation's deficit over 10 years. the republicans eye a crucial final vote friday on the $1.4 trillion senate bill carrying the hopes of president...






senate republicans approve budget with $1.5-trillion deficit to pay for trump's


senate republicans overcame internal divisions late thursday to approve a 2018 budget that will increase the deficit by $1.5 trillion over 10 years to allow for president trump’s proposed tax cuts. passage of the gop’s budget blueprint is a largely symbolic exercise, but it sets the stage for smoother...






senate republicans set to approve budget with $1.5-trillion deficit to pay for t


senate republicans were on track late thursday to approve a 2018 budget that will increase the deficit by $1.5 trillion over 10 years to allow for president trump’s proposed tax cuts. passage of the gop’s budget blueprint is a largely symbolic exercise, but it sets the stage for smoother passage...






senate gop hustles to meet tax bill holdouts’ demands


washington (ap) — senate republicans are stepping quickly to meet competing demands of holdout gop senators for a tax overhaul package expected to add $1 trillion to the nation’s deficit over 10 years. the republicans eye a crucial final vote friday on the $1.4 trillion senate bill carrying the hopes of president donald trump and […]






senate tax plan steams toward final vote as new report shows it will add $1 tril


senate republican leaders wrangled with the last few gop holdouts thursday as they pushed toward passing the first major rewrite of the nation's tax code in more than three decades, a package that would impact rich and the poor as well as businesses big and small. senate majority leader mitch mcconnell,...






senate gop hustles to meet tax bill holdouts' demands


senate republicans are stepping quickly to meet competing demands of holdout gop senators for a tax overhaul package expected to add $1 trillion to the nation's deficit over 10 years.






a moment of national truth


seven years and almost $7 trillion in new debt ago, we released a bipartisan package of tax and spending reforms as co-chairs of the national commission on fiscal responsibility and reform. at the time, we declared that the era of deficit denial was over. sadly, the debate on tax reform in the house and senate suggests deficit denial is not only back but also stronger than ever. yet the fundamental fiscal challenges we identified in 2010 remain.






senate gop bill rolling back obamacare would leave millions more uninsured, new


the healthcare bill senate republican leaders unveiled last week would increase the number of people in the u.s. without health coverage by 22 million and push up medical costs for millions of other poor and sick americans, according to a new analysis by the nonpartisan congressional budget office....






senate passage of healthcare bill uncertain after new analysis finds millions mo


the healthcare bill senate republican leaders unveiled last week would increase the number of people in the u.s. without health coverage by 22 million and push up medical costs for millions of other poor and sick americans, according to a new analysis by the nonpartisan congressional budget office....






how ‘repeal-and-replace’ legislation could increase the deficit


if an outright repeal of the ‘cadillac tax’ receives more than 60 votes in the senate the legislation likely would increase the federal deficit in the long term.






senate republicans weigh tax cuts, deficit expansion


u.s. senate republicans have reached a tentative budget deal that could allow u.s. tax revenues to decline by as much as $1.5 trillion over 10 years, but they have not agreed on whether to prevent such losses from expanding the federal budget deficit. the tax cuts are part of closed-door talks among...






debt deadline now october, cbo says as deficit spikes


washington (ap) — the drop-dead deadline for congress to increase the government’s borrowing authority and avoid a devastating economic default is early to mid-october, says a government estimate released thursday that delivered another challenge to republican leaders. thursday’s congressional budget office report also predicts that the federal government’s budget deficit will spike to $693 billion […]






senate republican leaders say they have votes to pass tax package


washington -- senate republican leaders said friday that they have corralled the necessary votes to pass their tax package, after pausing the process the night before to rework the legislation to address member concerns about the deficit created by the rate cuts.






obamacare 101: will the gop tax bill force big medicare cuts?


as congressional republicans move forward with their tax legislation, there are growing concerns that the costs, which are projected to increase the deficit by $1.5 trillion over the next decade, will force a host of big cuts in government programs, including medicare. the medicare cuts alone are...






congressional negotiators reach $1-trillion deal to fund government but provide


congressional negotiators reached a bipartisan deal late sunday to fund the federal government through september, easing the threat of a shutdown but denying president trump several key priorities — including money for his promised border wall with mexico. the estimated $1-trillion omnibus package...






senate republican tax plan clears hurdle with help from two key gop holdouts


the republican effort to rewrite the tax code surged forward tuesday, as a senate panel approved the measure and several wavering lawmakers signaled they are leaning toward backing the bill. the senate budget committee voted 12 to 11 to send the $1.4 trillion tax package to the senate floor for...






trump's budget would mean a $720-billion deficit over 10 years, congressional bu


a government analysis of president trump's budget plan says it wouldn't come close to balancing the federal ledger like the white house has promised. a report from the congressional budget office this week says that trump's budget, if followed to the letter, would result in a $720-billion deficit...






ap sources: gop tentatively agrees to $1.5t plan on tax cuts


top republicans on a key senate panel have reached a tentative agreement on a tax plan that would add about $1.5 trillion to the government's $20 trillion debt over 10 years, according to congressional officials.






cbo estimates deficit would increase by $1.4b over next decade under senate gop


the senate is expected to vote this week on the measure






many in middle class would see a tax increase under gop plan, congressional anal


many middle-class taxpayers will end up paying more under the house gop tax plan, a congressional analysis concluded, despite republican assurances that their legislation would give americans in every income range a cut. about 11% of taxpayers with incomes between $75,000 and $100,000 would see...






senate passes $15b disaster aid measure, debt limit increase


the senate on thursday overwhelmingly backed a $15.3 billion aid package for victims of harvey, nearly doubling president donald trump's emergency request, and adding a deal between trump and democrats to increase america's borrowing authority and fund the government into december. the 80-17 vote...






senate passes $15b disaster aid measure, debt limit increase


the senate on thursday overwhelmingly backed a $15.3 billion aid package for victims of harvey, nearly doubling president donald trump's emergency request, and including a deal between trump and democrats to increase america's borrowing authority and fund the government. the 80-17 vote sends the...






adb says asia needs to double infrastructure spending


manila, philippines (ap) — developing countries in asia and the pacific will need to spend up to $1.7 trillion a year, or $26 trillion through 2030, to meet their infrastructure needs and to maintain the region’s growth momentum, the asian development bank said in a report tuesday. that’s more than double the previous estimate, made […]






bipartisan analysis: senate bill would hike taxes for 13.8 million people


promoted as needed relief for the middle class, the senate republican tax overhaul actually would increase taxes for some 13.8 million moderate-income american households, a bipartisan analysis showed monday. the assessment by congress' nonpartisan joint committee on taxation emerged as the senate's...






bipartisan analysis: senate bill would hike taxes for 13.8 million people


promoted as needed relief for the middle class, the senate republican tax overhaul actually would increase taxes for some 13.8 million moderate-income american households, a bipartisan analysis showed monday. the assessment by congress' joint committee on taxation emerged as the senate's tax-writing...






analysis says senate bill would hike taxes for 13.8 million


promoted as needed relief for the middle class, the senate republican tax overhaul actually would increase taxes for some 13.8 million moderate-income american households, a nonpartisan analysis showed monday.






bipartisan analysis: senate bill would hike taxes for 13.8m


promoted as needed relief for the middle class, the senate republican tax overhaul actually would increase taxes for some 13.8 million moderate-income american households, a bipartisan analysis showed monday.