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Making temporary tax cuts from House Republicans’ reconciliation bill permanent would grow the cost of the package by over $1.4 trillion through 2034.

The cost of permanent tax cuts

First in Punchbowl News: Making a host of temporary tax cuts from House Republicans’ reconciliation bill permanent would grow the cost of the package by over $1.4 trillion through 2034.

That’s according to new analysis from the Joint Committee on Taxation, which shows how extending some policies for longer than their four or five-year timelines could raise the package’s price tag.

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