Subject: Re: BBB will reduce the deficit!
More on the BBB. One area of confusion is the status of the 2017 Trump tax cuts.

Right now they're the law of the land as in, they *are* the tax rates. This bill extends them into forever.

One thing that the CBO is evidently doing is assuming that the "real" tax rate is the one that existed prior to 2017 and is using that to forecast the deficit. That's a no-no, if that's what they're doing: the plan was ALWAYS to make the 2017 rates permanent, which this bill does.

Also, per Senate rules you can only do mandatory spending with the reconciliation thing...so they have to pass any DOGE cuts via a recission bill later.