Oct 16 2018 by Business Insider
The Treasury Department reported that the budget deficit grew to $779 billion in fiscal year 2018.
A primary reason for the increase in the deficit was a decrease in revenue due to the GOP tax law.
The evidence so far contradicts Republicans leaders and the Trump administration's argument that the tax law would pay for itself.
While there may still be a revenue boost from the law, the early returns do not look encouraging, and most forecasters expect the deficit to continue to...
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