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The GOP tax law unintentionally created the potential for a huge disaster if Congress doesn’t act

paul ryan mitch mcconnell chuck schumer

  • 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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Source:: BusinessInsider.Com