Former President Trump's tax cuts could contribute close to $4 trillion to America's national debt over the next decade.
Total federal debt has risen from about $20 trillion when Mr. Trump took office in 2017 to about $35 trillion, with a significant increase seen under both Trump and Biden.
Deficit hawks in Washington warn of the risks of a debilitating economic spiral due to rising debt pushing up borrowing costs, potentially causing further debt escalation.
The overall fiscal and economic environment is notably worse now compared to before Trump and Biden took office, raising concerns about the impact of increasing national debt.
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