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Economy

Two years in, Trump tax cuts not on course to pay for themselves

By Nihal Krishan
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Two years in, Trump tax cuts not on course to pay for themselves

After two years, President Trump’s tax cuts are not on track to pay for themselves, the latest Treasury data released Friday suggest.

Total federal government revenues ended up lower in 2019 than was projected before the passage of the GOP tax overhaul in 2017.

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Budgets and Deficits Kevin Brady National Debt Steven Mnuchin Tax Cuts and Jobs Act Tax Reform