Market
How will Trump's tax cuts impact the U.S. deficit by end of 2026?
3
Resolution / Starting Odds
Increase deficit by over $4 trillion • 25%
Increase deficit by $2-4 trillion • 25%
Increase deficit by less than $2 trillion • 25%
Decrease deficit • 25%
Reports from the Congressional Budget Office (CBO) or other official economic analyses
Story
Trump Vows Largest Tax Cuts, Slashing Corporate Rate to 15%
Dec 22, 2024, 03:41 PM
On the seventh anniversary of the Tax Cuts and Jobs Act, President-elect Donald Trump pledged to deliver the largest tax cuts in U.S. history in 2025. He vowed to eliminate the estate tax, reduce the corporate tax rate from 21% to 15%, and described his plan as "the largest tax cuts in the history of our country." While several Republican lawmakers expressed support for extending and enhancing the tax cuts to boost the economy and protect the American dream, critics argued that extending the tax cuts would add nearly $4 trillion to the deficit over the next 10 years.
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Both cuts implemented • 25%
Neither cut implemented • 25%
Only dividend cut • 25%
Only capital gains cut • 25%
Less than $1 trillion • 25%
$1 trillion to $1.5 trillion • 25%
$1.5 trillion to $2 trillion • 25%
More than $2 trillion • 25%
Both cuts implemented • 25%
Neither cut implemented • 25%
Only dividend tax cut implemented • 25%
Only capital gains cut implemented • 25%
No decision by end of 2025 • 25%
Rejected • 25%
Passed without changes • 25%
Passed with modifications • 25%
$3-4 trillion • 25%
$2-3 trillion • 25%
Less than $2 trillion • 25%
More than $4 trillion • 25%
Policy blocked by Congress • 25%
Tax cuts not extended • 25%
Tax cuts extended • 25%
Partial extension • 25%
More than $2 trillion • 25%
Less than $1 trillion • 25%
$1 trillion to $1.5 trillion • 25%
$1.5 trillion to $2 trillion • 25%
Deficit increases • 25%
Deficit decreases by over 10% • 25%
Deficit decreases by 0-10% • 25%
Deficit remains the same • 25%
New tax cuts introduced • 25%
Tax cuts extended • 25%
Tax increases implemented • 25%
No significant changes • 25%
