Ms. MacGuineas’s group estimates that Mr. Trump’s plan could reduce federal tax revenue by $3 trillion to $7 trillion over a decade. Photo“This looks like ’81, where they said, ‘Deficit be damned, we want to do a tax cut,’” Mr. Thorndike said. Advertisement Continue reading the main storyThe debate over the impact of the plan is only beginning. “As a conservative, that bothers me a little bit,” he said Tuesday on CNN of the possibility that Mr. Trump’s tax plan would increase the deficit. “This is a thing of beauty, a thing of wonder,” Grover Norquist, the president of Americans for Tax Reform, said of Mr. Trump’s one-page plan.

Source: New York Times April 27, 2017 01:25 UTC