JCT: Tax Bill With Permanent Individual Cuts Would Cost $1.67 Trillion

JCT: Tax Bill With Permanent Individual Cuts Would Cost $1.67 Trillion

U.S. Joint Committee on Taxation

The Senate’s Tax Cuts and Jobs Act, with all individual provisions made permanent, would reduce revenue from 2018 to 2027 by $1.67 trillion, according to November 27 preliminary estimates provided by the Joint Committee on Taxation in response to a request by Senate Finance Committee ranking minority member Ron Wyden, D-Ore.

The Senate’s Tax Cuts and Jobs Act, with all individual provisions made permanent, would reduce revenue from 2018 to 2027 by $1.67 trillion, according to November 27 preliminary estimates provided by the Joint Committee on Taxation in response to a request by Senate Finance Committee ranking minority member Ron Wyden, D-Ore.

The Senate’s Tax Cuts and Jobs Act, with all individual provisions made permanent, would reduce revenue from 2018 to 2027 by $1.67 trillion, according to November 27 preliminary estimates provided by the Joint Committee on Taxation in response to a <a href="//s3.amazonaws.com/s3.amazonaws.com/pdfs.taxnotes.com/2017/2017-97873_TNTDocs_Wyden-Letter_supportdoc.pdf" title="Source document">request</a> by Senate Finance Committee ranking minority member Ron Wyden, D-Ore.

The Senate’s Tax Cuts and Jobs Act, with all individual provisions made permanent, would reduce revenue from 2018 to 2027 by $1.67 trillion, according to November 27 preliminary estimates provided by the Joint Committee on Taxation in response to a request by Senate Finance Committee ranking minority member Ron Wyden, D-Ore.