House tax plan would boost economic output but increase debt
Paul Ryan speaks alongside House Republicans after the tax vote. Photo: Jacquelyn Martin / AP
The nonpartisan Tax Policy Center has analyzed the economic impacts of the GOP tax plan passed last week by the House.
By the numbers: It would boost economic output by 0.6% of GDP in 2018, 0.3% in 2027 and 0.2% in 2037. It would increase debt as a share of GDP by 5% in 2027 and 9% in 2037.