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WASHINGTON, DC — Today, the non-partisan Congressional Budget Office (CBO) released a scathing report revealing that President-elect Trump and his Congressional allies’ push to renew expiring provisions of the 2017 Trump tax bill would undercut economic growth in the years to come. The report affirms analysis from government watchdog Accountable.US that the 2017 tax bill was largely a giveaway to billionaires and multinational corporations.

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American families have nothing to gain by the President-elect’s push to renew a failing 2017 tax scam. Today’s report affirms once again that renewing it would add trillions to the deficit while threatening critical priorities like Social Security and Medicare. Rather than make the same mistake twice, it’s time to make sure billionaires, wealthy tax cheats, and price-gouging corporations pay their fair share.”

Accountable.US Liz Zelnick

Earlier this year, government watchdog Accountable.US found that the 15 largest corporate beneficiaries of the Trump tax law used their savings to collectively spend $839 billion on stock buybacks and shareholder dividends in the years following the law’s passage.

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