Currently set to expire in 2025, "... the CBO is back with a new estimate of what it would cost to keep trump’s tax cut in place over the next decade... more than double the original cost... a whopping $4.6 trillion...
... the bill produced only a small fraction of the promised benefits. Far from generating revenue, as Republicans promised, corporate tax revenue dropped by $100 to $150 billion per year..."
https://www.dailykos.com/stories/2024/5/9/2239757/-The-real-cost-of-Trump-s-2017-tax-cuts-for-the-rich-Double-the-estimate v @dailykos
More: https://www.cbpp.org/research/federal-tax/the-2017-trump-tax-law-was-skewed-to-the-rich-expensive-and-failed-to-deliver
#TCJA #USpolitics
@RunRichRun Biden's Treasury said otherwise, though, that the tax cuts did live up to their promises, as Treasury collections increased as expected.
