12/03/2017

Tax Bill Could Fuel Push For Medicare, Social Security Cuts

Fears about increasing the national debt are driving concerns

The tax bill that Republicans are muscling through Congress could result in cuts to entitlement spending if it significantly increases the national debt, budget experts say.

Republicans say the tax-cut package will lead to economic growth and greater tax revenues, but there are doubts even within their party about whether that growth will come to pass. 

The Joint Committee on Taxation, Congress’s official budget scorekeeper, estimated the bill would cost $1 trillion over a decade even with economic growth taken into account. Sen. Bob Corker (R-TN) opposed the bill for that reason.

Please click here to read the complete article on The Hill.