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Senate GOP Upends Rules with Accounting Gimmick

WASHINGTON D.C., JUN 30 – The provision uses an accounting method that hides nearly $4 trillion in added debt, drawing bipartisan criticism over transparency and budget rules in the Senate reconciliation process.

Summary by Political Wire
New York Times: “This time around, Senate Republicans are instead invoking an alternative accounting method that wipes away the cost of extending tax cuts already in place. Republicans argue that the tax cuts they originally passed in 2017, which expire at the end of the year, should be baked into the country’s fiscal forecasts even though Congress has not yet actually renewed them. By that logic, the $3.8 trillion cost of extending the 2017 cut…

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  • 67% of the sources lean Left
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Political Wire broke the news in New York, United States on Sunday, June 29, 2025.
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