White House says the 'big beautiful bill' will lower the US deficit. Analysts say that's off by trillions.
(Yahoo Finance) The White House made the case Monday that passing President Trumps "big beautiful bill" would be the fiscally responsible move as objections from some Republican fiscal hawks experiencing sticker shock continued to jeopardize progress.
This bill does not add to the deficit ... this bill will save $1.6 trillion, White House press secretary Karoline Leavitt told reporters Monday.
Another White House report on Monday from the Council of Economic Advisers painted a similarly rosy picture even as a variety of outside analyses foresee a new flood of government debt if lawmakers move forward.
The latest example came Monday afternoon when the Penn Wharton Budget Model offered a projection that took into account the bill's "positive economic dynamics" but nevertheless found an increase in primary deficits of almost $3.3 trillion over 10 years.
https://finance.yahoo.com/news/white-house-says-the-big-beautiful-bill-will-lower-the-us-deficit-analysts-say-thats-off-by-trillions-080040908.html

surfered
(7,026 posts)gab13by13
(28,290 posts)Those tax cuts aren't just for 10 years, they are permanent.
Dulcinea
(8,455 posts)He paid good money for this president & this administration, & he expects a good ROI.
Wiz Imp
(5,201 posts)House Republican budget could add $52T to federal deficit, CBO says
Of course the White House knows they are lying. If they believed it would reduce the deficit, then why do they have to include a significant increase in the debt ceiling ($4 Trillion) as part of it?
lees1975
(6,570 posts)We need to get a unified voice on this and get it out there.