House GOP Tax Package: The Kickoff for Congressional Bargaining?
Tax Notes Talk
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The Cost of the Tax Cuts and Jobs Act
Cost is a funny thing because Congress counts costs in strange ways. The Joint Tax Committee, my old, haunting grounds, scored the three measures as losing about $250 billion over 10 years. If you extended them permanently, they would lose more than a trillion dollars, according to some estimates. And so this is a pretty pricey approach and reverses whatever fiscal responsibility and defragleness you might have thought had existed by adding them in the tax bill.
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