Published 11 days ago

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

Summary

The Congressional Budget Office (CBO) 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.

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The Hill

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

11 days ago·Washington, United States

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Bloomberg

Trump Tax Cut Extension Cost Swells to $3.8 Trillion, CBO Warns

The cost of extending the 2017 tax cuts enacted under President Donald Trump has expanded to $3.8 trillion over ten years, putting a massive price tag on what is likely to be a top issue in Washington next year, according to new estimates from Congress’s fiscal scorekeeper.

12 days ago·United States

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Raw Story

Extending Trump tax cuts would add $4.6 trillion to deficit: CBO

As former U.S. President Donald Trump and congressional Republicans campaign on extending their 2017 tax cuts if elected in November, a government analysis revealed Wednesday that doing so would add $4.6 trillion to the national deficit. When Trump signed the Tax Cuts and Jobs Act during his first term, the initial estimated cost was $1.9 trillion. Last year, the Congressional Budget Office (CBO) projected that extending policies set to expire …

11 days ago·United States

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Live Mint

Trump Individual, Estate Tax Cut Renewal to Cost $4.6 Trillion

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.

12 days ago·New Delhi, India

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Political Wire

Extending Trump Tax Cuts Would Cost $4.6 Trillion

"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," Bloomberg reports."That puts a massive price tag on what is likely to be a top issue in Washington next year as la

12 days ago·New York, United States

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MarketWatch

Extending Trump’s tax cuts could ‘run the deficit into the stratosphere.’ Here’s how much that could cost.

Extending a spate of the 2017 tax cuts enacted under former President Donald Trump could cost $4.6 trillion over 10 years, according to a fresh estimate on...

12 days ago·United States

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