The bipartisan child tax credit and business tax legislation set to advance this week would cost nearly $650 billion over a decade if its provisions were made permanent, according to a new analysis.
The bill is written so that its tax cuts sunset in 2025, but if they were instead made permanent, it would cost $645 billion through 2033, according to the Committee for a Responsible Federal Budget, an outside group that advocates lower deficits.
In-depth coverageas the midterms
take shape.
Follow the latest midterm news, analysis, and expert perspectives with unlimited access.
See Subscription Options
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.