“Big Beautiful Bill”
Study: Trump’s tax law would bring in new US debt in trillion height
The tax law of the US government, referred to as the “Big Beautiful Bill”, brings debts to trillion height after a non-partisan analysis. The makers see it very differently.
The planned tax and expenditure law of US President Donald Trump would, according to a new estimate, increase the budget deficit of the United States by $ 2.8 trillion. The congress (CBO) of the Congress (CBO) household office (CBO) said on Tuesday (local time) said. Two weeks ago, without these economic effects, it forecast an increase in government debt of currently $ 2.4 trillion. The number, including interest costs, was three trillion dollars.
Trump’s “Big Beautiful Bill” hangs in the US Congress
The new estimate contradicts the presentation of Trump’s republicans, according to which the extensive package would drive the US economy strongly enough to enable the government debt to be reduced by higher income. “We believe that it will lead to a stronger and wealthier America,” said the Republican majority leader in the Senate, John Thun on Tuesday.
The House of Representatives had passed the bill called “One Big Beautiful Bill Act” in May. Republicans in the Senate are currently advising on a revised version. In order to become a law, both congress chambers have to agree on a common version that could then be presented to Trump.
The previous draft provides for an extension of the massive tax cuts from Trump’s first term from 2017 to 2021, which would otherwise expire at the end of the year. To compensate, drastic cuts in health insurance Medicaid are planned, which primarily secure low -income and older people.
Reuters · AFP
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Source: Stern
I have been working in the news industry for over 6 years, first as a reporter and now as an editor. I have covered politics extensively, and my work has appeared in major newspapers and online news outlets around the world. In addition to my writing, I also contribute regularly to 24 Hours World.
