Reported 1 day ago
A controversial accounting strategy gaining traction in Congress may allow lawmakers to make Donald Trump's tax cuts permanent while seemingly reducing their cost to zero for budgetary purposes. However, this maneuver could add trillions to the national debt, generating significant opposition from fiscal conservatives who view it as a deceptive budgeting tactic. The approach, which classifies current tax rates as 'current policy,' aims to justify deeper tax cuts and new tax proposals by Trump, but it ultimately risks escalating the deficit and complicating bipartisan negotiations.
Source: YAHOO