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Trump's Tax Cuts to Increase US Debt by $2.4 Trillion, CBO Reports

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Source: Reuters
Trump's Tax Cuts to Increase US Debt by $2.4 Trillion, CBO Reports
Photo: Reuters
TL;DR

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-newspolitics#congressional-budget-office#debt-increase#fiscal-policy#politics#tax-cuts#trump-tax-bill
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  1. Trump tax-cut bill will add $2.4 trillion to US debt, nonpartisan analysis says  Reuters
  2. Trump’s big bill will cut taxes by $3.7T and add $2.4T to deficit, budget office says  AP News
  3. House GOP gets megabill’s official price tag: $2.4T  Politico
  4. Trump tax bill would add $2.4 trillion to the deficit over a decade: CBO  The Hill
  5. GOP bill for Trump's agenda would add $2.4 trillion to the debt, budget office says  NBC News

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