A sweeping new tax bill crafted by House Republicans and filled with Trump-era tax priorities would add $3.7 trillion to the federal deficit over the next decade, according to a new estimate released Tuesday by the Joint Committee on Taxation (JCT). The cost, while steep, still fits within the $4.5 …
Read More »Biden Vows to Fight Any GOP Attack on Social Security, Medicare
President Joe Biden pledged Friday to defend Social Security and Medicare from Republican attacks but rejected calls to support a full repeal of the debt ceiling, an arbitrary federal borrowing limit that the GOP is threatening to use as leverage to enact spending cuts. “The Republican leadership in Congress has …
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