Republican tax bill would add $3.7 trillion to the national deficit: JCT
May 13, 2025 11:45 AM
The tax portion of Republicans' wide-ranging bill full of President Trump's domestic priorities would cost $3.7 trillion over the next decade, the Joint Committee on Taxation (JCT) found. That fits within the parameters laid out in the budget blueprint Congress adopted earlier this year, which allowed the House Ways and Means Committee up to $4.5...