It's Official: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves

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Investor's Business Daily
Editorial
Apr. 11, 2018

Taxes: When the Congressional Budget Office released its updated budget forecast, everyone focused on the deficit number. But buried in the report was the CBO's admission that it vastly overestimated the cost of the Trump tax cuts, because it didn't account for the strong economic growth they would generate.

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Spending Is the Real Culprit

That still leaves the problem of the deficit. By 2022, federal deficits will top 5% of GDP, something that happened only once between World War II and President Obama's spending spree.

What's more, national debt is on track to top 91% of GDP by 2025 and reach 96.2% by 2028.

More... https://www.investors.com/politics/editorials/trump-tax-cuts-revenues-deficits-paying-for-themselves/