US Senate pushes ahead on Trump tax cuts as nonpartisan analysis raises price tag<br /><br />US Senate version of President Donald Trump's sweeping tax-cut and spending bill will add $3.3 trillion to the nation's debt, about $800 billion more than the version passed last month by the House of Representatives, a nonpartisan forecaster said on Sunday, June 29.<br /><br />The Congressional Budget Office issued its estimate of the bill's hit to the $36.2 trillion federal debt as Senate Republicans sought to push the bill forward in a marathon weekend session.<br /><br />Republicans, who have long voiced concern about growing US deficits and debt, have rejected the CBO's longstanding methodology to calculate the cost of legislation. But Democrats hope the latest, eye-widening figure could stoke enough anxiety among fiscally minded conservatives to get them to buck their party, which controls both chambers of Congress.<br /><br />VIDEO BY SENATE TV / REUTERS<br /><br />Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br />Visit our website at https://www.manilatimes.net <br />Follow us: <br />Facebook - https://tmt.ph/facebook <br />Instagram - https://tmt.ph/instagram <br />Twitter - https://tmt.ph/twitter <br />DailyMotion - https://tmt.ph/dailymotion <br /><br />Subscribe to our Digital Edition - https://tmt.ph/digital <br /><br />Check out our Podcasts: <br />Spotify - https://tmt.ph/spotify <br />Apple Podcasts - https://tmt.ph/applepodcasts <br />Amazon Music - https://tmt.ph/amazonmusic <br />Deezer: https://tmt.ph/deezer<br />Stitcher: https://tmt.ph/stitcher <br />Tune In: https://tmt.ph/tunein <br />Soundcloud: https://tmt.ph/soundcloud <br /><br />#themanilatimes<br />#tmtnews<br />#worldnews<br />
