Biden's tax deception: One more thing our president gets wrong
Fox News
Rather than costing the federal government $1.7 trillion in tax revenue, the Trump tax cuts are projected to add $1.3 trillion over what the CBO estimated.
Andy Puzder was chief executive officer of CKE Restaurants for more than 16 years, following a career as an attorney. He is currently a Distinguished Visiting Fellow at the Heritage Foundation, and a Senior Fellow at both the Pepperdine University School of Public Policy and the America First Policy Institute. His next book, "A Tyranny for the Good of its Victims – The Ugly Truth About Stakeholder Capitalism" will come out early next.
Of course, the CBO and the JTC made those estimates before the TCJA had any actual impact. Trump signed the TCGA into law in December 2017 and it took effect in January 2018. The estimates assume it expires, as stipulated, in 2025. As with any economic projections, these estimates were educated guesses – and they guessed wrong.
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