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in /politics 7 months ago

Senate GOP slashes megabill’s tax costs with new accounting method

Senate GOP slashes megabill’s tax costs with new accounting method - Featured Image

Senate GOP slashes megabill’s tax costs with new accounting method

www.politico.com - faviconpolitico.com
TLDR

Senate Republicans use a new accounting method to reduce the tax bill's cost to $441 billion, omitting the $4 trillion cost of extending expiring tax cuts. Critics argue this method distorts the true cost of the legislation.

Spoiler alert: the new method is just "not counting it" 🧐

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