President Trump's tax and spending bill, termed the Big Beautiful Bill, is likely to become law despite concerns from conservative think tanks about its impact on the national debt. Analyst Jessica Riedl labeled it the costliest legislation since the 1960s, warning of the dangers of increased borrowing atop existing deficits. She criticized its assumption that economic growth would offset spending and revenue cuts, while Republicans dismissed CBO's accurate assessments, attacking its historical record instead of engaging with its findings.
Jessica Riedl criticized the Big Beautiful Bill, stating it would be the most expensive legislation since the 1960s and significantly worsen the national debt despite claims of economic growth.
Riedl described the bill as indicative of the GOP's departure from prudent policymaking, citing how Republicans dismissed the Congressional Budget Office's accurate assessments in favor of political attacks.
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