The Congressional Budget Office on Wednesday warned yet again that the US is on an unsustainable fiscal path, jacking up its estimate of deficits for the coming decade by $1.4 trillion thanks in part to President Donald Trump’s 2025 tax law and immigration policies.
Trump’s signature fiscal package from last July, which extended his 2017 tax cuts and implemented a number of new breaks, is estimated to increase deficits by $4.7 trillion over the next 10 years, the Congressional Budget Office said in a report. The cost of the administration’s immigration enforcement actions are expected to add $500 billion, it also said.
