<p>JCT: Modified Senate Tax Bill Would Add $1.45 Trillion to Deficit</p>

JCT: Modified Senate Tax Bill Would Add $1.45 Trillion to Deficit

U.S. Joint Committee on Taxation

The modified version of the Tax Cuts and Jobs Act, as passed by the Senate Finance Committee, would increase the federal deficit by $1.45 trillion over the next 10 years, the Joint Committee on Taxation said in a December 1 report (JCX-62-17).

<p>The modified version of the Tax Cuts and Jobs Act, as passed by the Senate Finance Committee, would increase the federal deficit by $1.45 trillion over the next 10 years, the Joint Committee on Taxation said in a December 1 report (JCX-62-17).</p>