Senate Advances Controversial Tax Bill Amid Concerns Over Rising Debt
The U.S. Senate is moving forward with a significant tax bill proposed by the Trump administration, which is projected to add at least $3.3 trillion to the national debt, according to a nonpartisan analysis from the Congressional Budget Office (CBO). Despite rising concerns about affordability and job impacts, Senate Republicans continue to push the legislation, with claims that the cuts will stimulate economic growth. Critics argue that the budget math presented by the GOP obscures the true costs, as last-minute changes and accounting tricks make the bill appear cheaper than it actually is. As the debate heats up, experts warn of potential violations of Senate rules and the long-term consequences of such fiscal policies.
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