Trump's tax plan would boost economy but raise deficit

Donald Trump’s tax plan would boost economic growth, but also expand the federal budget deficit by $10 trillion, according to analysis from the nonpartisan Tax Foundation.

If implemented, the plan would create 5.3 million jobs, expand the economy by 11.5 percent over the long term, and raise wages by 6.5 percent, according to the organziation. Trump’s plan would cut taxes by almost $12 trillion over the next decade. Federal revenue would only fall by $10 trillion when the resulting economic growth is accounted for.