WASHINGTON (via AP & WOOD TV 8) — Senate Republicans weighed scaling back the tax cuts in their massive package to secure crucial support as congressional analysts said Thursday the legislation would add $1 trillion to the nation’s debt over the next decade.
Republicans were making major changes to the bill up to the last minute, including one that would roll back some of the tax cuts after six years to appease deficit hawks. The first revamp of the tax code in three decades — a top political priority of President Donald Trump — would affect nearly every American and business.
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