Congress's official scorekeepers estimate that the tax cut would add $1 trillion to the federal deficit, even after taking into account some additional economic growth. Critics of the report say the Tax Policy Center is running hypothetical scenarios. The Tax Policy Center is also assuming a modest increase on higher-income households. The final scenario the Tax Policy Center considered is an across-the-board tax increase that is proportional to each family's taxable income. Source: Tax Policy CenterThe three scenarios produced similar results for the Senate tax bill.

Source: Washington Post December 08, 2017 22:33 UTC