Reported about 19 hours ago
Senate Republicans are utilizing a contentious budget method known as the 'current policy baseline' to obscuredly account for $3.8 trillion in debt associated with President Trump's Big Beautiful Bill. This accounting approach treats the extension of current tax rates as cost-free despite their impending expiration, potentially leading to an increase in the national debt by trillions if enacted. Economists have criticized this maneuver as an 'egregious budget gimmick,' highlighting that the real cost to the national debt could be as high as $4.2 trillion when assessed with standard accounting practices. As Senate leaders push for imminent votes, they face internal disputes over the bill's financial implications.
Source: YAHOO