Trump’s $1 trillion infrastructure bill will cost us $1.2 trillion in additional taxes, but it could still help us save $1 billion on our bills
- by admin
The Trump administration’s infrastructure package is supposed to cost the government $1,931 billion over 10 years, according to a budget document released Thursday.
But the Trump administration also wants to help us keep $1 million a year in our pocket.
The White House estimates that the Trump-Pence administration’s plan will save the federal government $9.7 billion over the 10-year period, according a document titled “Infrastructure Investment and Tax Relief for Americans.”
The document estimates that $937 billion in tax relief will be created over 10 months, according the document.
The document also estimated that the administration’s tax reform package would create $1.,099 billion in new taxes and $2.1 trillion in spending.
But as we reported in February, the Trump White House is now estimating the tax relief that it will create is more than $3 trillion.
And the tax cut bill, which passed the House on Friday, is expected to cost $1 for every $1 in new tax relief.
It is unclear how many of the tax cuts the White House estimated would be created under the bill.
But this is a good start.
It means that we can start to see the impact of the Trump tax plan on our tax bills, even if the White
The Trump administration’s infrastructure package is supposed to cost the government $1,931 billion over 10 years, according to a budget…