Senate’s Budget Policy Change Sparks Debate

(The Center Square) – As Senate Republicans work on the floor to pass a compromise budget resolution, fiscal watchdogs are warning that permanently extending President Donald Trump’s tax cuts will have dire consequences. The Senate’s amendment to the House’s $4.5 trillion budget resolution would theoretically subtract $3.8 trillion from the price tag by adopting a current policy baseline, which treats renewing the 2017 Tax Cuts and Jobs Act as a continuation of current law rather than new policy. The unconventional tactic would also allow the TCJA to become permanent since it puts the costs of extension at zero. 

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Full story: https://www.thecentersquare.com/national/article_501c956b-b50d-4fe9-8972-1b1f8d3a7f14.html