Further contributing to the national debt are the Bush tax cuts. According to a recent analysis by the Center on Budget and Policy Priorities (CBPP), based on Joint Committee on Taxation and Congressional Budget Office estimates: "Through fiscal year 2007 tax legislation enacted since 2001 has had a direct cost of $1.3 trillion." The CBPP analysis continued, "Because these tax cuts were not paid for, they are also generating substantial increases in the national debt. The additional debt now being built up will persist even if the tax cuts are allowed to expire on schedule."
High Stakes: China and Mexico React to Trump's Re-Election
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Donald Trump's return to the White House will reverberate through trade,
security and immigration in China and Mexico. NPR's John Ruwitch and Eyder
Peralta...
3 hours ago
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