<p>CRFB: Tax Reform Bills Would Increase Growth by 0.1 Points or Less</p>

CRFB: Tax Reform Bills Would Increase Growth by 0.1 Points or Less

Committee for a Responsible Federal Budget

The House and Senate tax reform plans would likely increase economic growth by no more than 0.1 percentage points per year on an ongoing basis, while estimates suggesting a 0.4-point increase ignore the cost of higher debt and assume that all tax changes would be permanent, the Committee for a Responsible Federal Budget said in a November 27 paper.

<p>The House and Senate tax reform plans would likely increase economic growth by no more than 0.1 percentage points per year on an ongoing basis, while estimates suggesting a 0.4-point increase ignore the cost of higher debt and assume that all tax changes would be permanent, the Committee for a Responsible Federal Budget said in a November 27 paper.</p>