Get the Facts: How Big Is the U.S. National Debt?
- The Senate passed a tax cut and spending bill this week that extends 2017 Trump tax cuts and alters federal spending across programs.
- Lawmakers had split earlier this year on a different House version, and the current bill reflects continued debates on fiscal balance and policy priorities.
- The bill lowers taxes mostly for high earners, reduces Medicaid and food assistance, increases defense and immigration spending, and changes student loan terms and clean energy credits.
- Independent forecasts estimate the bill would boost the national debt by at least $3 trillion over ten years, with middle-income taxpayers saving $500–$1,000 annually and top 10% earners gaining about $12,000 each.
- This measure raises concerns over long-term fiscal deficits, with officials calling the disregard for budget discipline a failure of governance and signaling a limited growth boost.
34 Articles
34 Articles
(update) With Trump's bill, ICE will be larger than many of the world's armies?
Senate passes Trump’s class-war bill to cut taxes for the rich and wreck Medicaid. Schooley@schooley.bsky.social Credit where it's due. The stunt will draw attention to what's going on there from people that might not have been otherwise aware. How...
Republicans resurrect Reagan's welfare queen myth to justify giving billionaires trillions while starving the poor
The Senate voted to pass what President Donald Trump called the “big, beautiful bill” on Tuesday. The House is now ready to send it to Trump’s desk in time for his Fourth of July deadline. This massive spending bill includes major cuts to social programs that help poor Americans while giving huge tax breaks to wealthy people and big companies. According to MSNBC, the bill continues a long pattern in American politics of cutting help for the poor…
IMF Warns Trump Tax Bill Complicates Cutting Debt in Medium Term
The International Monetary Fund warned that President Donald Trump’s tax bill nearing final passage on Thursday is likely to complicate the task of reducing the US fiscal deficit and debt burden in the coming years.
The GOP’s massive bill would add trillions of dollars to the country’s debt
The massive tax cut and spending bill passed by the Senate this week is expected to add trillions of dollars over the next decade to an already hefty federal debt.The precise level of additional red ink depends on the forecast. The Yale Budget Lab says it would add $3 trillion over the next 10 years, while the Congressional Budget Office (CBO) estimates it would add $3.4 trillion. Meanwhile, the Committee for a Responsible Federal Budget puts th…
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Bias Distribution
- 57% of the sources are Center
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