Tax-Cut Funding Challenges

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Trump tax cuts

The Hill

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How Trump and Republicans could pay for new tax cuts

Summary

Nutrition label

70% Informative

President-elect Trump and Republican lawmakers are gearing up to push a massive tax-cut bill through Congress next year .

But they will face pressure to find ways to cover the costs of the tax cuts.

Trump ’s campaign pitch for the economy centered on tariffs, a key pillar of his economic agenda.

A tax deal that passed the House with wide bipartisan support earlier this year failed to make it through the Senate over the summer due to Republican opposition.

A common Republican argument in Washington about tax cuts is that they pay for themselves because they spur economic growth.

In 2019 , the Congressional Research Service estimated the 2017 Trump tax cuts achieved only 5 percent or less of the growth needed to fully make up for the loss of revenue.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful