Fact-Checking GOP Arguments on the 'Big Beautiful Bill' from the White House
News Talkby Toter 1 week ago 9 Views 0 comments
Recent independent studies reveal that the newly enacted House reconciliation bill is projected to increase the federal deficit by trillions over the next decade, despite significant spending cuts. This analysis challenges Republican assertions that the bill's costs are minimal and contradicts White House claims of no deficit impact. H.R. 1, known as the “One Big Beautiful Bill Act,” passed narrowly with a 215-214 vote after a lengthy session on May 22. The legislation aims to extend tax cuts from 2017, enhance border security funding, and reduce Medicaid expenditures, among other measures. Critics from various financial organizations argue that instead of reducing the deficit, the bill could contribute to a notable increase in national debt. The Senate now prepares for deliberation on this contentious issue.
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