Meanwhile, Maine Republican Sen. Susan Collins has been noncommittal on the bill, while Sen. Bob Corker, R - Tenn., has expressed concerns about
expanding the federal deficit.
Another early obstacle is the projected fiscal impact of the plan, which would slash U.S. revenues and
expand the federal deficit and the national debt, which now exceeds $ 20 trillion.
Not exact matches
Morneau can risk
expanding the
deficit because the
federal government's debt - to - GDP ratio is a relatively paltry 30 %, about half of what it was in the 1990s when Canada faced a fiscal crisis.
would roll back the Republican plan after two years if promised economic growth does not materialize and the
federal budget
deficit continues to
expand.