Headline Roundup • December 12th, 2017
Treasury Releases Report on Taxes
Summary from the AllSides News Team
The US Treasury released a report on the GOP tax cuts asserting that the increase in the federal deficit will be offset by the remaining economic policy initiatives in President Trump's agenda. Many Right-leaning media outlets highlighted the Treasury's conclusion, while several Left-leaning publications emphasized that the tax plan will not pay for itself entirely.
Featured Coverage of this Story
Tax-cut plan will more than pay for itself, add $300 billion in revenue: Treasury report
Washington Times
News
The Treasury Department said Monday that the Senate-approved tax reform plan would pay for itself and more, actually boosting revenue by $300 billion over 10 years.
Treasury Says GOP Economic Agenda Would Pay for Tax Cuts
News
The Treasury Department said Monday that the Republican economic agenda would generate enough economic growth to pay for the tax cuts being considered by Congress this week, using growth assumptions that far exceed the official congressional estimates.
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