Reposted by @ruggermeglet.bsky.social
(Punchbowl) - Extending the 2017 Trump tax cuts would boost the national debt by almost 50% when measured as a percentage of GDP and increase the deficit by around $4 trillion, according to a new Congressional Budget Office analysis.
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punchbowl.news
CBO: Extending Trump tax cuts would boost deficit, debt
The analysis comes as Senate Republicans are set to huddle with the Senate parliamentarian’s office to get guidance on the “current policy baseline.”