Gingrich Plan to Add $1.3T to Deficit, Study Finds

By Richard Rubin and Heidi Przybyla - Dec 12, 2011 3:40 PM ET

The economic plan proposed by Republican presidential candidate Newt Gingrich would add $1.3 trillion to the U.S. budget deficit in 2015 alone, according to an analysis by the nonpartisan Tax Policy Center.

The figures compare the federal government’s take under Gingrich’s proposal with projected U.S. revenue if current tax law ran its course and existing income tax cuts expired.