TAX CUTS ARE COMING, BUT MAYBE NOT AS BIG AS TRUMP PROMISED
In his bid for the White House, Donald Trump promised tax cuts. Big ones. Lots of 'em. For everyone. Given that Republicans will control both the House and Senate during at least the first two years of Trump's administration, the prospects for tax reform have never been better. But the tax cuts may not be quite as large as Trump has touted. The reason: His tax plan is seen by experts and deficit hawks as just too expensive, potentially costing between $6 trillion and $7 trillion on the high end. It's too early to say exactly how conservative deficit hardliners in Congress will react to Trump's pricey plans.