Trump Tax Cuts’ Cost Estimated at $5 Trillion to $11 Trillion

President Donald Trump’s tax cut wish list would cost the federal government between $5 trillion and $11.2 trillion in lost revenue over the next decade, according to a new analysis from a budget watchdog group.

The Committee for a Responsible Federal Budget, which advocates for shrinking deficits, estimated the bulk of the cost would come from extending the 2017 Trump tax cuts for individuals and small business owners. Those cuts expire at the end of 2025. Trump’s overall tax plan would “explode” the debt and risk “a serious debt spiral,” the group said, unless they are offset with spending ...