Trump's Tax Cuts to Increase US Debt by $2.4 Trillion, CBO Reports
TL;DR Summary
The Congressional Budget Office revised its estimate, indicating that President Trump's tax-cut and spending bill will add approximately $2.4 trillion to the U.S. national debt, less than the earlier forecast of $3.8 trillion, amid ongoing debates within Congress and criticism from figures like Elon Musk.
Topics:top-news#congressional-budget-office#debt-increase#fiscal-policy#politics#tax-cuts#trump-tax-bill
- Trump tax-cut bill will add $2.4 trillion to US debt, nonpartisan analysis says Reuters
- Trump’s big bill will cut taxes by $3.7T and add $2.4T to deficit, budget office says AP News
- House GOP gets megabill’s official price tag: $2.4T Politico
- Trump tax bill would add $2.4 trillion to the deficit over a decade: CBO The Hill
- GOP bill for Trump's agenda would add $2.4 trillion to the debt, budget office says NBC News
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