The GOP tax law unintentionally created the potential for a huge disaster if Congress doesn’t act
|02/01/2018||Posted by BusinessMediaguide.Com under General World News||
- The Congressional Budget Office estimated that the deadline for Congress to raise the debt ceiling is now in early March instead of early April.
- The deadline is pushed up because of changes to tax receipts from the GOP tax law.
- That would put the debt limit deadline close to the deadline to codify the Deferred Action for Childhood Arrivals Program.
- Both issues are politically divisive, and adding the two together could be a recipe for disaster.
Republicans cheered the passage of their massive tax overhaul in December, but the new law could unintentionally cause a serious headache for their leaders by March.
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