The estimated 10-year cost of the credit union tax exemption jumped a whopping 32.3% over a year ago, according to the Trump Administration budget released Tuesday.
The administration's budget offered no explanation for the jump from $26.75 billion in Fiscal 2017 to $35.31 billion in Fiscal 2018. The Office of Management and Budget, which prepared the administration's budget, did not respond to a request for comment.
Comparing the two previous years—2017 and 2016—the increase was about 5.4% in President Obama's budgets.
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