First published by Money Metals here:
https://www.moneymetals.com/news/2017/12/26/trump-tax-cut-inflation-001339
At last, tax reform is happening! Last week, President Donald Trump celebrated the passage of the most important legislation so far of his presidency. Unfortunately, there is also some not so good news investors need to be aware of. Because no spending cuts will be attached to “pay” for the tax rate reductions, the legislation will grow the budget deficit by an estimated $1 trillion to $1.5 trillion over the next decade. The actual number could end up being smaller…or bigger, depending on how the economy performs. But more red ink will spill.
