Sentences with phrase «bill over deficit»

A day after the bill's prospects wavered somewhat, Republican leaders notched two victories on Friday, when Senator Marco Rubio of Florida said he would vote yes after gaining a more generous child tax credit in the final bill and Senator Bob Corker of Tennessee, who voted against the initial Senate bill over deficit concerns, said he would support the legislation.

Not exact matches

The Tax Foundation, a conservative - leaning group that has a more aggressive model for economic growth, found that the House bill would add about $ 989 billion to the deficit over 10 years.

The Republican tax bill would add $ 1 trillion to the federal deficit over the next decade, according to an analysis by the Joint Committee on Taxation.

The bill can not increase total deficits in the years beyond the CBO's 10 - year budget window, over and above the forecasts under current law.

According to a new report from the Joint Committee on Taxation, the House GOP tax reform bill — the Tax Cuts and Jobs Act (TCJA)-- would increase the federal deficit by $ 1.487 trillion over the 10 years after it is implemented.

The Penn model found that the bill would increase the federal deficit by $ 1.327 trillion over the first 10 years after it becomes law (not including debt - service costs).

The most optimistic assumption by the Tax Foundation estimated that even with new growth, the bill would increase the deficit by $ 448 billion over 10 years.

According to Congressional Budget Office estimates, enacting the bill would shrink the federal budget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern border.

Others, like Sens. Jeff Flake and Bob Corker, wavered over the amount by which the bill is expected to raise the federal budget deficit.

While Republican leaders and Trump administration officials promised as recently as three weeks ago that the bill would pay for itself with economic growth, the analyses have been universal: They have shown that the bill would add roughly $ 1 trillion or more to the federal deficit over 10 years, even when accounting for the growth.

It worked: By year 10, the bill doesn't increase the deficit, according to the Joint Committee on Taxation, suggesting that it won't raise the deficit over the long run.

But this wrenching concern over the deficit — particularly when the situation in Puerto Rico remains so dire — is hard for some to swallow when conservatives are simultaneously pushing forward a tax reform package that could leave a more than a trillion - dollar hole in the deficit and have signed on to spending bills that added more than $ 100 billion to defense spending, without the immediate promise of offsets elsewhere.

Dimon estimated that the whole tax reform bill will add $ 1 trillion to the deficit over the next ten years, which he noted is «not a material number.»

He added that the estimated $ 1 trillion the entire tax bill would add to the deficit over the next ten years is «not a material number.»

Regarding deficits, the Republican tax bill is projected to add about $ 1.5 trillion to the national debt over the next 10 years.

Rising crude oil prices over the last two years will further aggravate the trade deficit as the currency is also depreciating, which will add to the import bill.

The GOP bill including some changes would increase federal budget deficits by $ 1.7 trillion over 10 years, according to Joint Committee on Taxation estimates shared by the nonpartisan Congressional Budget Office.

Including interest, this bill will add $ 1.7 trillion to the federal debt over 10 years, and the Treasury will run a trillion - dollar deficit every year going forward.

In the House, the trade - offs took on new urgency after Congress's nonpartisan tax accountant found that changes made to the bill since its introduction mean it would add $ 1.57 trillion to the deficit over a decade.

But shortly after the General Assembly passed the budget bill over Gov. Bruce Rauner's veto, the Governor's Office of Management and Budget found that the budget resulted in a $ 1.5 billion deficit.

The bill's price tag had been a sticking point for one senator, Mr. Corker, a longtime deficit hawk, who voted against the initial Senate bill over concerns it would add to the federal debt.

There would also be a 60 - vote point of order if the bill increased the deficit over the first five or first ten years, per the Senate «Pay as you go» (PAYGO) rule, unless the budget resolution repealed the Senate PAYGO rule or established an exception to it.

According to the nonpartisan Joint Committee on Taxation, the GOP bill is expected to add nearly $ 1.5 trillion to the federal deficit over the course of a decade.

Senate Republicans passed a tax cut plan after last - minute changes papering over deficit concerns and the bill's tilt to the wealthy.

India's net oil import bill increases by over 0.3 percent of GDP with every $ 10 per barrel increase in prices, putting pressure on the trade deficit.

There's a chance more GOP challengers join Ward, including Reps. David SchweikertDavid SchweikertRepublican candidate favored in Arizona special House election Ryan leaves legacy of tax cuts and deficits Paul Ryan's successor must embrace the House Freedom Caucus MORE and Paul GosarPaul Anthony GosarOvernight Defense: Over 500 amendments proposed for defense bill Measures address transgender troops, Yemen war Trump taps acting VA chief as permanent secretary Arizona GOP tinkers with election rules with an eye on McCain's seat Some doubt McCarthy or Scalise will ever lead House GOP MORE, or state Treasurer Jeff DeWit, a Trump ally who served as his campaign's operating officer.

Many of the suggestions reflected Tory policy, such as immediate plans to cut the deficit or a cap on non-EU immigration, but others clearly showed a high degree of Lib Dem influence, notably over civil liberties, where a Great Repeal Bill has been promised.

Many of the changes made to assuage the concerns of businesses and Republican lawmakers are expected to drive up the cost of the tax reform bill and will need to be paid for to ensure the legislation does not add more than $ 1.5 trillion to the deficit over a decade.

The Comptroller's office routinely audits local governments around the state, and has already determined that hundreds are in financial trouble, with more than 300 running deficits, and over 100 without enough cash on hand to pay their current bills.

The agreement, reached earlier today, ended a marathon battle over a bill that raises taxes, cuts spending and helps close the state's $ 42 billion deficit.

«The Health Care bill is expected to cut the deficit by 1 trillion over 20 years.

New York (CNNMoney.com)- Congressional budget scorekeepers said that a grab - bag bill of spending and tax measures to be taken up this week would increase federal deficits by $ 134 billion over a decade.

However, he supports the tax reform bills before Congress which will increase the federal deficit by $ 1,500,000,000,000, and probably more, over the next decade.

Brown also criticized the bill for increasing the federal deficit by $ 1.5 trillion over the next decade, a measure Cuomo said was part of a calculated Republican strategy.

Although the government shutdown's over, North Country New York Democratic Congressman Bill Owens says having a deal that addresses getting the federal deficit under control is essential to avoiding another congressional deadlock in Washington come January.

In addition to the deficit, there are outstanding bills not resolved when the Senate gaveled out in August, and over 100 appointees pending confirmation.

The Congressional Budget Office estimates the tax bill will add $ 1.5 trillion to the deficit over 10 years.

The CBO estimated this week that the Senate health care reform bill would reduce the deficit by $ 132 billion over the first 10 years.

These requests came as a response to the Joint Committee on Taxation's (JCT) official dynamic score of the proposed Senate tax plan, which is estimated to add $ 1.4 trillion to the deficit over the next 10 years — its 0.8 percent growth only paying for around three - tenths of the cost of the bill ($ 407 billion).

Repealing the mandate is estimated to generate roughly $ 300 billion over 10 years, helping to keep the tax bill from creating even larger potential deficits.