Trump legislation added $4.7 trillion to debt: watchdog

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President Trump has signed bills into law that will add $4.7 trillion to the debt through the end of 2029, according to a study by the Committee for a Responsible Federal Budget, an anti-debt advocacy group.

Four pieces of legislation contributed the lion’s share of the new debt, the group said. The 2017 GOP tax cut, the largest of the bills, will add $1.8 trillion to the debt by the end of 2029, researchers noted, adding that the bipartisan 2019 budget deal to increase spending caps was a close second, at $1.7 trillion.

The final set of appropriations bills that Congress approved in December added another $500 billion, mostly through the repeal of three taxes that were meant to pay for the Affordable Care Act, the group said……More Here

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