Price tag estimate for House GOP tax package rises to $3.94T

The estimated revenue impact of the GOP tax plan would be nearly $4 trillion in the negative over a decade, the Joint Committee on Taxation — a nonpartisan committee of the U.S. Congress — has indicated.

A document issued by the committee puts the net total estimated revenue effects at -$3.939368 trillion for fiscal years 2025-2034. 

"The problem with all of these studies is they willfully ignore current tax policy. You can’t do that and be taken seriously," an Office of Management and Budget spokesperson indicated.

Fox News Digital reached out to the Joint Committee on Taxation for comment, but no comment had been provided by the time of publication.

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