Republicans are trying to hide the full cost of their planned tax cuts from voters — by preemptively smearing the scorekeepers. The 2017 Trump tax cuts came with a massive price tag: The legislation added $1.9 trillion to deficits over a decade, as estimated by the nonpartisan Congressional Budget Office (CBO) in coordination with the Joint Committee on Taxation (JCT). That figure even accounted for the law’s expected economic growth effects, which Republicans touted at the time. The law’s proponents didn’t want to hear it and kept insisting their tax cuts would fully pay for themselves. Read the full opinion at The Washington Post.

Source: Washington Post June 05, 2024 23:03 UTC