It’s very confusing me to try and remember which numbers are measured in years vs decades. “Cost of 5 to 11 trillion dollars” without context is confusing.
Also lol good thing he found $100 billion in savings.
Tax bills are usually measured in costs to the debt (the whole lifetime of the law) rather than the deficit (one year). Dunno why; that's just how they do it.
It's especially misleading because the only reason it's not infinite is that the tax cut has a sunset. Nobody thinks of a tax cut as temporary. The cuts in this article are about taxes from his last term which are expiring now.
(By coincidence it would have fallen to his successor if he'd won reelection. It's only because of the split terms that he has to make the case for this tax break again.)
jfengel|1 year ago
It's especially misleading because the only reason it's not infinite is that the tax cut has a sunset. Nobody thinks of a tax cut as temporary. The cuts in this article are about taxes from his last term which are expiring now.
(By coincidence it would have fallen to his successor if he'd won reelection. It's only because of the split terms that he has to make the case for this tax break again.)