WASHINGTON (AP) — President Donald Trump’s tax and budget bill would increase deficits by $2.8 trillion over the next decade after factoring in other economic effects. That’s according to a more fulsome analysis released Tuesday by the Congressional Budget Office. The report finds that the bill would increase interest rates and boost interest payments on the baseline projection of federal debt by $441 billion. Tuesday’s report uses dynamic analysis by considering how changes in the economy might affect revenues and spending. A previous analysis used static scoring, which presumes other economic factors stay constant.
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