Reported about 5 hours ago
The White House asserts that President Trump's 'big beautiful bill' will responsibly lower the US deficit, claiming it could save $1.6 trillion. However, various analyses predict a rise in government debt, estimating an increase in primary deficits of nearly $3.3 trillion over the next decade. Critics, including some Republicans, dispute the administration's claims, arguing that historical evidence does not support the idea that tax cuts pay for themselves, as was suggested during the 2017 Tax Cuts and Jobs Act.
Source: YAHOO