MSNBC - $3.8 trillion: That's the official estimate from the Congressional Budget Office of the tax cuts included in the Big Beautiful Bill passed by the House. That's more than the cost to the government of Trump's 2017 tax cuts, the pandemic-response CARES Act and President Joe Biden's American rescue plan — combined. And that's on the low end of the estimate. If you ignore accounting gimmicks and add in last-minute pot sweeteners, the true cost over 10 years approaches $6.5 trillion. For all that, the bill would clutter the tax code with red ink without increasing wages, writes Manhattan Institute senior fellow Jessica Riedl.
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