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President Donald Trump wants to make his 2017 tax cuts permanent and add new breaks for tipped earnings, Social Security payments, overtime work and car-loan interest — a wish list that comes with a potential $11 trillion price tag,
according to the Committee for a Responsible Federal Budget.
Trump says he can cover the entire cost — without raising taxes or cutting benefits from major safety-net programs — simply by eliminating “waste, fraud and abuse.” Trump’s critics have called this wishful thinking, and have refuted claims of widespread fraud in programs like Social Security.
This post was originally published on Market Watch
