CBO Projects $1.5 Trillion Trump Tax Cut Will Cost $1.9 Trillion
4/12/18
< < Go Back
from Mother Jones,
4/9/18:
Today’s CBO budget report is out, and it tells us that the Republicans’ $1.5 trillion tax cut will increase the federal debt by…$1.9 trillion:
In other words, the tax cut doesn’t pay for itself. It doesn’t even partially pay for itself. It does have some positive economic feedback, but not very much, and nowhere near enough to make up for the lost revenue and the increase in interest payments:
More From Mother Jones:
Rss Feed