Skip to content
Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
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.

Subscripion logo

You're seeing a preview of our Premium Policy: The Vault financial services and tax policy coverage. Read the full story by subscribing here.

Advertisement

Presented by Walmart

Walmart is investing over $350 billion in U.S. manufacturing. Because investing in American businesses is investing in America. Learn more about our commitment to supporting products made, grown, or assembled in America.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.