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GOP Can’t Agree Whether Trump’s Bill Would Shrink, or Grow, Deficit
4 Articles
4 Articles
EDITORIAL. PODD | June 12. The debate should suit the Tidö parties, but public opinion is going hard.
Sen. Ron Johnson to Newsmax: Trump’s Bill Codifies Sharp Increase in Deficits
The main problem with President Donald Trump’s “big, beautiful bill” is that it codifies the sharp increase in budget deficits during and immediately after the pandemic and does not bring them down to pre-COVID-19 levels, Sen. Ron Johnson told Newsmax on Tuesday. Although the Wisconsin Republican conceded on Newsmax’s “Wake Up America” that there are no doubt many good items in the bill, he insisted that “the probem is it just doesn’t go far eno…
Morgan Stnley Market Consensus Our analyst Mike Gapen (Macro USA) estimates that the current budget proposal would increase the deficit by 2.84 Tr$ by 2034, of which two thirds (1.89 Tr$) of the total deficit would arrive before 2029. Despite the increase in the deficit, his estimates point to a boost of just 0.2 pp for growth in 2026, relatively small due to the multipliers that apply to the tax changes. The proposal advances the [...]
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