Trump GOP tax overhaul faces blanks and battles in Congress
The nine page framework leaves income tax brackets deductions and a potential new top bracket unsettled. House Speaker Ryan signals a fourth high income bracket while Senate plan progresses. Democrats warn of debt and limited bipartisan support amid GOP tensions.
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Budget deficit climbs to 666 billion as tax plan looms
The deficit for the completed fiscal year rose to 666 billion, 80 billion more than last year, as Republicans push a tax code rewrite expected to add up to 1.5 trillion to the debt over the next decade. Treasury and White House figures accompany Senate budget passage favoring tax reform.
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