Senate Tax Bill Could Prove Costlier Than Official Estimate
November 17, 2017
November 17, 2017
WASHINGTON, Nov. 17 -- The Center on Budget & Policy Priorities issued the following news release:
The Joint Committee on Taxation (JCT) estimates that Senate Finance Committee Chairman Orrin Hatch's revised tax bill would lose $1.4 trillion between 2018 and 2027, but begin to raise revenue starting in 2027. To limit the bill's cost in this way, Chairman Hatch proposed to repeal the Affordable Care Act's individual mandate, sunset the bill's individual tax provisions after 2025 . . .
The Joint Committee on Taxation (JCT) estimates that Senate Finance Committee Chairman Orrin Hatch's revised tax bill would lose $1.4 trillion between 2018 and 2027, but begin to raise revenue starting in 2027. To limit the bill's cost in this way, Chairman Hatch proposed to repeal the Affordable Care Act's individual mandate, sunset the bill's individual tax provisions after 2025 . . .