Trump economic agenda would increase deficit by more than $4 trillion: Analysis

Former President Donald Trump’s tax and spending proposals would increase the deficit by more than $4 trillion over the next decade, according to a new analysis.

Trump’s plans for tax cuts would see revenues fall by $5.8 trillion over the next decade, according to the estimate from the Penn-Wharton Budget Model, a group housed at the University of Pennsylvania’s business school that analyzes the fiscal effects of public policies. Under current law, the government is supposed to take in about $63 trillion in revenues, according to congressional projections.