It changes numerous deductions and tax breaks and is expected to add $ 1 trillion or more to federal budget deficits over a decade, according to congressional estimates. (cnbc.com)
«The huge federal budget deficit is likely to push up borrowing costs and raise inflation well above 2 percent,» he said. (rismedia.com)
And late last year, the Republican tax cut was enacted that will add more than $ 1 trillion to federal budget deficits over a decade. (cnbc.com)