US Senate pushes ahead on Trump tax cuts as nonpartisan analysis raises price tag

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.

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.

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.

VIDEO BY SENATE TV / REUTERS

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