As the US budget deficit barrels toward $1 trillion, the White House doubles down on claim that tax cuts will ‘pay for themselves’
|02/14/2020||Posted by BusinessMediaguide.Com under General World News||
- The Congressional Budget Office projected that the federal deficit would surpass $1 trillion this year for the first time since 2012.
- Economists say the Republican tax bill President Donald Trump approved in 2017 has driven a sharp jump in the federal deficit.
- But the White House is doubling down on the claim that the $1.5 trillion package will eventually break even.
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