May 20 (UPI) -- The Republican-backed tax and spending bill would add trillions of dollars to the federal deficit and negatively affect the poorest of Americans, experts say.
Tax policy proposed by U.S. President Donald Trump would add more than $3 trillion to the national debt, according to data released Tuesday by the nonpartisan Congressional Budget Office.
The CBO found that the House Republican's budget proposal and its tax provisions would cut federal revenue by around 10% of America's current national debt over the next decade.
Meanwhile, Congressional Republicans are rushing to pass the bill by Memorial Day with a goal to cement Trump's tax cuts from 2017 and pass a string of other priorities before the July 4 holiday.
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