CRFB: Extension of Specific TCJA Provisions Would Cost $600 Billion

CRFB: Extension of Specific TCJA Provisions Would Cost $600 Billion

Committee for a Responsible Federal Budget

Policies in President Trump’s proposed fiscal 2019 budget would save $2.1 trillion over a decade, less than half of the budget’s $4.4 trillion deficit reduction claim, and extension of specific Tax Cuts and Jobs Act provisions beyond 2025 would cost $600 billion, the Committee for a Responsible Federal Budget said in a February 12 report.

Policies in President Trump’s proposed fiscal 2019 budget would save $2.1 trillion over a decade, less than half of the budget’s $4.4 trillion deficit reduction claim, and extension of specific Tax Cuts and Jobs Act provisions beyond 2025 would cost $600 billion, the Committee for a Responsible Federal Budget said in a February 12 report.

Policies in President Trump’s proposed fiscal 2019 budget would save $2.1 trillion over a decade, less than half of the budget’s $4.4 trillion deficit reduction claim, and extension of specific <a href="/lr/resolve/source-document/1xftl" title="Source document">Tax Cuts and Jobs Act</a> provisions beyond 2025 would cost $600 billion, the Committee for a Responsible Federal Budget said in a February 12 report.

Policies in President Trump’s proposed fiscal 2019 budget would save $2.1 trillion over a decade, less than half of the budget’s $4.4 trillion deficit reduction claim, and extension of specific Tax Cuts and Jobs Act provisions beyond 2025 would cost $600 billion, the Committee for a Responsible Federal Budget said in a February 12 report.