[quote=@POOHEAD189]
Perhaps I misheard him. I'll ask him tomorrow. Though come to think of it, he could have meant Trump's tax cuts costing the U.S. [url=https://www.bloomberg.com/news/articles/2017-07-12/trump-tax-cuts-cost-7-8-trillion-aid-top-earners-study-finds]7.8 trillion[/url] dollars. 
[/quote]

over a decade. Another way to phrase that same stat, though, is that Trump's tax plan will inject 7.8 trillion into the economy over the next decade. Plus, we're talking about an opinion based on a projection based on a summary based on an idea -- from the same [url=https://www.bloomberg.com/news/articles/2017-09-27/investors-save-quibbles-for-later-as-stocks-catch-tax-cut-fever]source[/url]:

[quote]Ned Davis Research earlier this year ran a scenario analysis to illustrate the drag on earnings should interest expenses no longer be deductible. It calculated that a 20 percent tax rate would boost profits by 7.2 percent, but once those deductions are removed, the benefit shrinks to 2.6 percent. In other words, about two-thirds of the gain from tax cuts would be wiped out.[/quote]

Those simplified deductions Trump talked about on the campaign trail are going to preserve a lot of tax revenue while saving [i]everybody[/i] a lot of time, money, and effort come filing season.