New projections from Congress’s official legislative scorer show deficit levels will explode if the Trump tax cuts are made permanent and not simply extended.

In response to an inquiry from House Ways and Means Committee member David Schweikert (R-Ariz.), the Congressional Budget Office (CBO) found Friday that keeping the 2017 tax cuts in place and holding other budgetary policies steady would cause debt levels to reach 214 percent of gross domestic product (GDP) in 2054.

That’s “47 percentage points higher than in the long-term baseline projections” released last March that are based on a 10-year extension of the cuts, the CBO said.

CBO’s original........

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