McConnell: Tax bill won't add to nation's debt woes

LOUISVILLE, Ky. (AP) — Fresh off his biggest legislative victory of the Trump era, Senate Majority Leader Mitch McConnell on Saturday disputed projections that the Senate's tax bill would add to the nation's debt woes.

Back home in Kentucky just hours after the Senate narrowly pushed through the nearly $1.5 trillion tax bill, McConnell predicted that the boldest rewrite of the nation's tax system in decades would generate more than enough economic growth to prevent the burgeoning deficits being forecast.

"I not only don't think it will increase the deficit, I think it will be beyond revenue neutral," he told reporters. "In other words, I think it will produce more than enough to fill that gap.