Quote:
Originally Posted by Ryche
And then you have the Republican budget proposal that cuts two trillion while providing 4.5 trillion in tax breaks and that will surely reduce the deficit...
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Specifically, about tax cut extension vs DOGE (not tariffs etc.) ...
For the Trump tax cut extension, it's still in flux as the House & Senate are trying to figure it out, but from what I've read it is $4.6T over 10 years ... or simple rough est. of $460B per year.
For DOGE, the theoretical $2T in savings is a combination of multiple years (like Politico subscriptions) + also current fiscal year (payroll from terminations).
I don't know how the CBO or accountants will score it, but I believe to compare apples-to-apples, the $2T in savings will be "more" when extrapolated over 10 years.
FWIW, I know Musk has lowered expectations from $2T to $1T. I've not actually read that Trump agrees with that. So that's still a wide variance for now.