Trump, House Republicans Optimistic About Speedy Approval of Proposed Tax Cut

Published Nov 2, 2017. By David Sherfinski .

House Republicans unveiled a massive tax cut package Thursday that they say delivers on President Trump’s promise to slash the corporate rate and would mean a significant break for low- and middle-income Americans.

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Deficit watchdog groups said the Republican plan would add to the country’s already-ballooning $20 trillion debt.

“True tax reform should aim to grow the economy without growing the debt,” said Robert Bixby, executive director of the Concord Coalition. “This plan would move U.S. fiscal policy in a dangerous direction, openly inviting higher deficits in the face of unsustainable debt.”