McConnell: Tax bill won't add to nation's debt woes - Cincinnati News, FOX19-WXIX TV

McConnell: Tax bill won't add to nation's debt woes

LOUISVILLE, Ky. (AP) - Fresh off his biggest legislative victory of the year, Senate Majority Leader Mitch McConnell is disputing projections that the Senate's tax bill would add to the nation's debt woes.

McConnell told reporters in his home state of Kentucky on Saturday he thinks the tax overhaul will generate more than enough economic growth to plug the deficits forecast.

Over the next decade, the Republican tax plan is projected to add at least $1 trillion to the national debt. McConnell discounted that, saying he believes itis revenue neutral.

The Kentucky Republican also predicted the House and Senate can iron out differences over the tax legislation and get it to President Donald Trump before Christmas.

He says he can't foresee any compromise that would keep Senate Republicans from passing a final version.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly