Republicans Plan to Use Budgeting Trick to Hide Deficit From Trump Tax Cuts

Republicans in Congress are signaling they want to change how the Congressional Budget Office (CBO) calculates the cost of extending President Donald Trump’s 2017 tax cuts, which mainly benefit the ultra-wealthy, by utilizing a budgeting trick that would wrongly suggest that such cuts don’t cost a single penny. Current CBO policy is to examine the tax cuts as a policy that is expiring and…

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