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Republicans have a $700 billion problem that could make their new tax plan nearly impossible





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President Donald Trump and Republicans have a big math problem with their attempt to overhaul the nation’s tax code.

According to analysis of the tax-reform framework released Wednesday by Trump and the “Big Six” tax negotiators, decreased tax rates in the plan would plunge the amount of revenue the federal government takes in by $5.8 trillion over 10 years.

If various personal deductions were eliminated as the plan proposes, it would still leave a $2.2 trillion addition to the deficit over 10 years, according to the analysis from the Committee for a Responsible Federal Budget.

That could be a problem for read more >>>

Source:: BusinessInsider.Com

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