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E2112: $3.3 Trillion Deficit Looms Under GOP Spending Bill 6/30/25
Senate GOP’s tax plan could balloon the deficit by $3.3T over 10 years, says CBO. The Trump-era cuts would slash $4.5T in taxes, offset by $1.2T in spending cuts. Critics say GOP used budget tricks to mask true cost—raising serious questions about fiscal responsibility.
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By Wayne DupreeSenate GOP’s tax plan could balloon the deficit by $3.3T over 10 years, says CBO. The Trump-era cuts would slash $4.5T in taxes, offset by $1.2T in spending cuts. Critics say GOP used budget tricks to mask true cost—raising serious questions about fiscal responsibility.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.