President Trump's major legislative bill was defeated in committee primarily due to opposition from fiscal conservatives within the GOP. Five Republicans voted against it, concerned that the proposed tax cuts would lead to a projected deficit increase of $3.3 trillion over the next decade. Critics pointed out the bill's structure of front-loading spending while back-loading savings, warning of detrimental long-term effects on future generations. Key figures like Chip Roy and Ralph Norman expressed firm opposition until significant reforms are introduced to address these financial concerns.
This bill falls profoundly short. It does not do what we say it does with respect to deficits.
We are writing checks we cannot cash, and our children are gonna pay the price.
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