Trump’s tax cuts will generate a net $10.4 trillion in new revenue, new research finds

Aug 9, 2021 Location

The White House and Congressional Republicans have been touting tax cuts as a major revenue generator, but the new study from The Wall Street Journal finds the same.

The new analysis shows that the plan will generate $10 trillion in additional economic activity and $4 trillion of new revenue.

The tax plan also will help reduce the deficit by $3.6 trillion over 10 years, according to the analysis.

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