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The Consequences of Extending Trump's 2017 Tax Cuts

Jul 7, 2025 | 20:54 GMT

President Donald Trump bangs a gavel after signing a bill into law extending his 2017 tax cuts on July 4 in Washington.
President Donald Trump bangs a gavel after signing a bill into law extending his 2017 tax cuts on July 4 in Washington.

(Alex Brandon - Pool/Getty Images)

The recent extension of the income tax provisions of the 2017 Tax Cuts and Jobs Act as part of a budget reconciliation bill will support short-term U.S. economic growth, but add nearly $3 trillion in government debt over the next decade....

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