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OND is a regular community feature on Daily Kos, consisting of news stories from around the world, sometimes coupled with a daily theme, original research or commentary. Editors of OND impart their own presentation styles and content choices, typically publishing each day near 12:00 AM Eastern Time.
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Trump's tax bill balloons deficit, hurts poor: analysts
Reuters
The latest U.S. Senate version of a Republican tax bill, strongly backed by President Donald Trump, would balloon the federal budget deficit and hurt poor Americans more than first estimated, congressional fiscal analysts said on Monday.
Congress’ Joint Committee on Taxation (JCT) estimated the Republican bill would expand the $20 trillion national debt by $1.4 trillion in a decade, a potential worry for the dwindling number of Republican fiscal hawks in Congress.
The Congressional Budget Office (CBO), another nonpartisan research unit of Congress, said poor Americans would be hurt more than originally thought by the bill, largely because it would gut a key provision of the Obamacare healthcare law.