Why Extending Trump’s Tax Cuts Could Add Trillions to the Deficit.
(ThyBlackMan.com) First off, let’s drop the Republican claim that not extending Trump’s 2017 tax cuts is a tax increase. Many of these tax cuts were purposely designed to expire and for a sneaky reason. Making them permanent would have hiked the bill’s cost by more than $1.5 trillion over 10 years. Add to that the interest payments tied to the higher borrowing, and the number rises to $2 trillion. The […]