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Apartments for rent Training The Real Cost of Trump’s Massive Tax Cut (For the Middle Class)

The Real Cost of Trump’s Massive Tax Cut (For the Middle Class)



The American middle class could see its taxes cut by $10,000 over the next decade, according to a new report by the Committee for a Responsible Federal Budget.

The group estimates the tax cuts would save the average middle class family $1,400 in taxes over the decade.

The tax cuts could also result in an average middle-class family paying more in federal income taxes than they paid in taxes in 2008, according the report, which was released Wednesday.

The Congressional Budget Office is scheduled to release its report on Wednesday morning.

The nonpartisan analysis is the first comprehensive look at the impact of President Donald Trump’s tax cut.

The report estimates the bill would add $1.2 trillion to the national debt over the 10-year period.

The group, which advocates for a flat tax, estimates that $2.3 trillion in tax cuts for the top 1 percent would be realized over 10 years.

The rest would be offset by the expiration of the Bush-era tax cuts in 2021.

The Trump tax cuts are a key part of his efforts to stimulate the economy.

He’s signed an executive order that would end the estate tax, and he has proposed lowering corporate tax rates.

Trump’s top economic advisers have said the tax reform is a win-win.

Trump has called the tax overhaul a win for the middle class, saying it will spur investment, create jobs and increase revenue.

In an interview with Fox News on Wednesday, Trump said the legislation is “very important” for the economy, noting that it will save money for the government.

The president said the package will help Americans save money and that it’s not just for middle-income Americans.

He said the middle- and working-class people are “getting a lot of credit for this.”

The Congressional Budget Service said the average family of four would see their tax bill drop by $1 in 2021 under the bill.

The Tax Foundation, a conservative think tank, estimates the new bill would cost the government $2,000 in additional revenue, as well as $500 billion in additional economic growth.

The Tax Policy Center, an independent think tank in Washington, estimated that the bill could reduce federal deficits by $2 trillion over the course of the decade by ending tax breaks for businesses and high earners.

The CBO estimates that by 2026, the tax cut would lead to a $1 trillion economic recovery.

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