It's Official: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves
By News on the Net -- Business Investor's Daily—— Bio and Archives--April 11, 2018
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Taxes: When the Congressional Budget Office released its updated budget forecast, everyone focused on the deficit number. But buried in the report was the CBO's tacit admission that it vastly overestimated the cost of the Trump tax cuts, because it didn't account for the strong economic growth they would generate.
Among the many details in the report, the one reporters focused on was the CBO's forecast that the federal deficit would top $1 trillion in 2020, two years earlier than the CBO had previously said. -- More...
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