BluePerspectives

Extending Trump’s tax cuts would cost US trillions of dollars in new forecast 

In a new report, the Congressional Budget Office (CBO), projected that the extension of the tax cuts passed in 2017 as part of the signature tax law of former President Trump could add trillions of dollar to the nation’s debt over the next decade. Citing figures from the Joint Committee on Taxation (JCT), the CBO stated Wednesday that the…

 The Congressional Budget Office ( CBO ) predicted that the nation’s deficits would increase by tenfold over the course of the next ten years as a result of the extension of the tax cuts that were passed as part of former President Trump’s signature signature 2017 tax law. The Joint Committee on Taxation’s ( CBO ) quoted Citation numbers as… The Congressional Budget Office ( CBO ) predicted that the nation’s deficits would increase by tenfold over the course of the next ten years as a result of the extension of the tax cuts that were passed as part of former President Trump’s signature signature 2017 tax law. The Joint Committee on Taxation’s ( CBO ) quoted Citation numbers as… 

In a new report, the Congressional Budget Office (CBO), projected that the extension of the tax cuts passed in 2017 as part of the signature tax law of former President Trump could add trillions of dollar to the nation’s debt over the next decade. Citing figures from the Joint Committee on Taxation (JCT), the CBO stated Wednesday that the…

  

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