Reuters: U.S.

Friday, December 22, 2017

News Alert: Tax cut complete, hawks push for military increase

 
 
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Tax cut complete, hawks push for military increase
Defense hawks are brushing aside concerns that the freshly passed tax cuts could squeeze defense spending and thwart the Trump administration’s efforts to bulk up the military. 

Congress’s official scorekeeper has estimated the tax cuts passed by Congress this week could add about $1.5 trillion to the deficit over the next decade. Budget analysts have said the added debt could create add new constraints on government spending, including for defense. 
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