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Did the Trump Tax Cuts Pay for Themselves?
News January 22, 2025 at 01:14 PM
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What You Need To Know
- Since the 2017 tax law was passed, tax revenue has grown more than expected.
- But that growth can be attributed entirely to inflation, immigration and other factors, the Committee for a Responsible Federal Budget finds.
- It's hard to tease out the exact impact of the tax cuts amid the pandemic, but the U.S. is in far worse fiscal shape than it was in 2017, the group says.
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