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The top line numbers, from the article: - Reduce revenue by $5.0 trillion to $11.2 trillion over ten years. - Lower revenue by 1.3 to 3.0 percent of Gross Dome
by jfengel 2y ago
The top line numbers, from the article:
- Reduce revenue by $5.0 trillion to $11.2 trillion over ten years.
- Lower revenue by 1.3 to 3.0 percent of Gross Domestic Product (GDP).
- Boost debt to between 132 and 149 percent of GDP by 2035, if not offset, compared to nearly 100 percent today and 118 percent under current law.
The majority of it comes from extending his original Tax Cuts And Jobs Act, whose original cost was based on expiring starting this year.