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GOP tax proposals could add $9 trillion to nation’s deficits: Analysis

Congressional Republicans' tax proposals could add $9 trillion to the nation's deficits, highlighting a risk to the economy, according to an analysis by the Congressional Budget Office.
The GOP plan includes a $5 trillion tax cut package and strategies to pass it despite challenges from Democrats.
Senate Minority Leader Chuck Schumer criticized the GOP's approach, stating that they threaten to break Senate rules for tax breaks aimed at billionaires.
Republican leaders argue they have the authority to score the bill using a 'current policy' baseline without needing a ruling from the Senate parliamentarian.

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Nebraska Examiner

GOP budget would add an 'unprecedented' $5.8 trillion to the deficit, analysis finds • Nebraska Examiner

The U.S. Capitol in Washington, D.C., is pictured on Thursday, March 14, 2024. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — The nonpartisan Committee for a Responsible Federal Budget released an analysis Friday showing the budget resolution Republicans plan to adopt later this month would allow Congress to add up to $5.8 trillion to the deficit during the next decade. The organization wrote the reconciliation instructions included in th…

7 days ago

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Idaho Capital Sun

GOP budget would add an 'unprecedented' $5.8 trillion to the deficit, analysis finds • Idaho Capital Sun

The U.S. Capitol in Washington, D.C., is pictured on Thursday, March 14, 2024. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — The nonpartisan Committee for a Responsible Federal Budget released an analysis Friday showing the budget resolution Republicans plan to adopt later this month would allow Congress to add up to $5.8 trillion to the deficit during the next decade. The organization wrote the reconciliation instructions included in th…

7 days ago

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alabamareflector.com

GOP budget would add an 'unprecedented' $5.8 trillion to the deficit, analysis finds • Alabama Reflector

The U.S. Capitol in Washington, D.C., is pictured on Thursday, March 14, 2024. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — The nonpartisan Committee for a Responsible Federal Budget released an analysis Friday showing the budget resolution Republicans plan to adopt later this month would allow Congress to add up to $5.8 trillion to the deficit during the next decade. The organization wrote the reconciliation instructions included in th…

7 days ago

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washingtonstatestandard.com

GOP budget would add an 'unprecedented' $5.8 trillion to the deficit, analysis finds • Washington State Standard

The U.S. Capitol in Washington, D.C., is pictured on Thursday, March 14, 2024. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — The nonpartisan Committee for a Responsible Federal Budget released an analysis Friday showing the budget resolution Republicans plan to adopt later this month would allow Congress to add up to $5.8 trillion to the deficit during the next decade. The organization wrote the reconciliation instructions included in th…

7 days ago

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GOP budget would add an 'unprecedented' $5.8 trillion to the deficit, analysis finds • Alaska Beacon

The U.S. Capitol in Washington, D.C., is pictured on Thursday, March 14, 2024. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — The nonpartisan Committee for a Responsible Federal Budget released an analysis Friday showing the budget resolution Republicans plan to adopt later this month would allow Congress to add up to $5.8 trillion to the deficit during the next decade. The organization wrote the reconciliation instructions included in th…

7 days ago

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Colorado Newsline

GOP budget would add an 'unprecedented' $5.8 trillion to the deficit, analysis finds • Colorado Newsline

The U.S. Capitol in Washington, D.C., is pictured on Thursday, March 14, 2024. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — The nonpartisan Committee for a Responsible Federal Budget released an analysis Friday showing the budget resolution Republicans plan to adopt later this month would allow Congress to add up to $5.8 trillion to the deficit during the next decade. The organization wrote the reconciliation instructions included in th…

7 days ago

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Total News Sources32

Leaning Left26Leaning Right1Center2Last Updated6 days agoBias Distribution

90% Left

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The Hill broke the news in Washington, United States 10 days ago on Tuesday, April 1, 2025.

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