CBO projects deficits will sharply rise if Trump tax cuts made permanent

» CBO projects deficits will sharply rise if Trump tax cuts made permanent




New projections from Congress’s official legislative scorer show deficit levels will explode if the Trump tax cuts are made permanent and not simply extended. In response to a inquiry from Ways and Means Committee member David Schweikert (R-Ariz.), the Congressional Budget Office (CBO) found Friday that keeping the 2017 tax cuts in place and holding…



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