The recent proposal by former President Donald Trump to exempt tips from tax could potentially inflate the federal budget deficit by $150 billion to $250 billion over the next decade, as per a forecast by the nonpartisan Committee for a Responsible Federal Budget (CRFB). What Happened: The CRFB’s projection indicates that the deficit impact of Trump’s plan could be on par or even surpass the expected $172 billion revenue loss from the extension of the 2017 tax cuts for small businesses and other pass-through companies, which are due to expire next year, Bloomberg reported on Monday. Trump’s ta…