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

Photo caption: Sen. Mike Crapo speaks during a Senate Finance Committee hearing on Capitol Hill in Washington, D.C., on January 16, 2025. Photo credit: Andrew Caballero-Reynolds / AFP via Getty Images. Article by Chris Walker, Truthout. Truthout – February 28, 2025.

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 […]

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