Snapshots

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

The measure will prevent a sharp increase in income taxes that would shock the economy, but add to the already high U.S. government debt burden.

The Consequences of Extending Trump's 2017 Tax Cuts

The measure will prevent sharp increase in income taxes that would shock the economy, but add to the already high U.S. government debt burden.

The Consequences of Extending Trump's 2017 Tax Cuts | RANE

Highlights

United States

Economics

Politics

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.

SNAPSHOTS

The Consequences of Extending Trump's 2017 Tax Cuts

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