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Tuesday Night Slow Blues: Joe Bonamassa, "The Great Flood"

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jaunte9/12/2018 11:40:42 am PDT

Brady’s plan would add about $630 billion to the federal deficit by 2029, on top of the $1.9 trillion the law is already expected to cost when factoring for higher interest payments, Congress’ Joint Committee on Taxation said on Tuesday.

Beyond those three years, the costs would continue to pile up. Starting in 2026, the cuts could cost the federal government about $165 billion annually in today’s dollars, according to projections by the Tax Foundation, a conservative-leaning think tank. That annual cut would add up to a roughly $2.4 trillion additional to the federal deficit over a 10-year period, the Tax Foundation found.