While republicans have been saying the tax cut bill will more than pay for itself, several financial reports disagree.
Estimates from Penn-Wharton, The Tax Foundation, and the Joint Committee on Taxation predict the deficit gap will expand from five hundred billion, to one point four trillion dollars over ten years.
South Dakota Senator Mike Rounds says they believe they underestimate the economic boost of the cuts…..

Rounds says the recent jump in the stock market shows what the tax cuts could do…..

The bill was hung up over a so-called trigger mechanism, which would increase taxes if the deficit grows. Rounds says most of them don’t see a need for it…..

Rounds says they hope to pass the bill, and get it to a conference committee with the House next week.