The GOP’s tax bill would add $1.7 trillion to the national debt over a decade, and would increase the country’s debt-to-GDP ratio by 5.9%, according to the Congressional Budget Office.
House Republicans on Thursday released their long-awaited legislation to overhaul the nation’s tax code, proposing major cuts to corporate and individual tax rates.
Good Thursday morning!
Here’s your Morning Briefing:
Tax Reform Legislation Set To Be Unveiled Today
Congressional Republicans are expected to unveil their plan to overhaul the nation’s tax code today. On Tuesday night, Republicans announced that they would delay the release of the legislation as they admitted they were still struggling to reach a consensus on the bill.
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