Trump's tax plans

[stpioc]

Hmm..

The Penn Wharton Budget Model, a nonpartisan applied research organization, released a report  Monday  estimating the House GOP tax plan would cost $1.75 trillion over the next decade. That's significantly higher than the $1.41 trillion estimated by the Joint Committee on Taxation, Congress’s official scorekeeper for tax bills. Furthermore, the Penn Wharton Budget Model projects the bill as drafted will cost the federal government $4.39 trillion from 2018 to 2040 — painting a picture of serious federal deficits for the legislation’s second decade, should it become law.  If Congress used the Penn Wharton score, the bill would not comply with the Senate budget resolution, which states that the cost of the bill cannot exceed $1.5 trillion over the next 10 years under a model that does not take into account greater economic activity likely to result from tax reform.

Research group says GOP tax bill costs $1.75 trillion | TheHill