“I’m the king of debt,” Mr. Trump said last year on CNN. “I love debt.”Advertisement Continue reading the main storyJust how much Mr. Trump’s plan would cost the government is hard to determine, given the sketchy details. The administration’s proposal was silent on some critical aspects of any tax plan, such as the treatment of capital expenditures for business. Mr. Trump has said he strongly supports immediate expensing of capital expenditures, which many economists agree would encourage growth. But the Trump plan didn’t address other possible sources of revenue, such as eliminating the interest deduction for businesses or imposing a border tax.

Source: New York Times April 27, 2017 15:45 UTC