In the maneuvering over the big beautiful Trump tax cut three prominent sources of revenue were left on the table and remain to be used. It may turn out to be the Big Beautiful Bill Part 2 (BBB 2.0).

So, because of the arcane rules that control how the Congressional Budget Office scores expected new revenues in budget bills, these three sources of revenue enhancement and spending reduction remain on the table and could potentially be used to finance a BBB Part 2.

On April 5, Trump invoked his authority under the International Emergency Economic Powers Act of 1977 (IEEPA) to address the national emergency posed by the large and persistent trade deficit to impose a universal 10% tariff on all imports.

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