Tax Cuts and Jobs Act

Partial Extension: Conventional Revenue Score

April 8, 2024

Key Takeaways

  1. The Partial Extension scenario has an average annual budget cost over the decade of 0.6 percentage point of GDP.

  2. This scenario costs about $1.6 trillion over the budget window and reduces revenues by 0.4-0.5 percent of GDP in the longer run.

As seen in the table below, the four modifications in the Partial Extension plan relative to the Full Extension do raise substantial revenue from high-income households, although overall costs remain substantial.