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Senate wrestles with consequences of Paygo Act on the tax reform bill

Kimberly Adams Nov 29, 2017
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Senate wrestles with consequences of Paygo Act on the tax reform bill

Kimberly Adams Nov 29, 2017
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It looks like the Senate is going to vote on its ever-in-flux tax plan this week. Even though this bill could add up to $1.5 trillion to the deficit, there are consequences beyond just adding to the national debt. The Senate has something called pay-as-you-go rules, which basically say it has to offset revenue losses or trigger mandatory cuts.

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