The Congressional Budget Office (CBO), Congress's bipartisan fiscal scorekeeper, has projected that extending the 2017 tax cuts, initially enacted under President Donald Trump, could significantly increase the national deficit. The estimated cost of these extensions is between $3.8 trillion and $4.6 trillion over the next 10 years. The tax cuts in question benefited households, small businesses, and the estates of wealthy individuals. President Trump has expressed a desire to continue these tax cuts, which his administration originally passed. The CBO warns of the substantial fiscal impact.
Extending Trump’s tax cuts could stick these 6 groups with a big bill https://t.co/NHsogUzIng
The Congressional Budget Office projected in a new report that the extension of tax cuts passed as part of former President Trump’s signature 2017 tax law could add trillions of dollars to the nation’s deficits over roughly the next decade. https://t.co/xPzLPN5ai7
Trump wants to give his billionaire friends more tax cuts. I’m fighting for working people. https://t.co/uqoJhPTNE1
Trump wants to extend 2017 tax cuts. Here’s how much that could cost. https://t.co/UrTOFTm4aC
The cost of extending the 2017 tax cuts for households, small businesses and the estates of wealthy individuals enacted under President Trump has expanded to $4.6 trillion, according to new estimates from CBO https://t.co/ghGizXQr8k
The cost of extending the 2017 tax cuts enacted under Trump has expanded to $3.8 trillion over 10 years, according to new estimates from CBO https://t.co/qM2VEo0y2O
The cost of extending the 2017 tax cuts enacted under then President Donald Trump has expanded to $3.8 TRILLION over 10 years, according to new estimates from Congress’s bipartisan fiscal scorekeeper https://t.co/DflK3xGg0U via @bpolitics
The cost of extending the 2017 tax cuts for households, small businesses and the estates of wealthy individuals enacted under President Donald Trump has expanded to $4.6 trillion, according to new estimates from Congress’s fiscal scorekeeper.
NEWS: Trump Tax Cut Extension Cost Swells to $3.8 Trillion, CBO Warns https://t.co/jlc9bHZwBr
The cost of extending the 2017 tax cuts enacted under President Donald Trump has expanded to $3.8 trillion over 10 years, according to new estimates from Congress’s fiscal scorekeeper. https://t.co/ae3QebB790