For starters, he wants to cut taxes—”big league.” The Tax Foundation estimates that the Trump plan would reduce federal revenues by $4.4 to $5.9 trillion over the course of a decade. Under dynamic scoring, whereby the growth of the economy is factored into the analysis, that number drops to somewhere between $2.6 and $3.9 trillion.
Trump also wants to spend more on infrastructure. Last week, McClatchy published a list of about 50 projects that the Trump administration envisions as public-private partnerships. The total price tag is estimated at $137.5 billion—a lot of dough for Uncle Sam, even if the private sector picks up some of the tab. Trump also promised to increase funding for the Veterans Administration and suggested that veterans should be treated by any doctor that accepts Medicare—an idea that sounds great, but would be expensive. Trump intends to end the military sequester, which has a 10-year price tag of about $1 trillion. In a September speech, he promised to “ask Congress to fully offset the costs of increased military spending.”
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