President Trump's proposed tax-and-spending bill faces criticism from economists who warn it could exacerbate the federal debt by over $2.5 trillion in the next ten years. While White House Press Secretary Karoline Leavitt claims the bill would save the government $1.6 trillion, independent estimates suggest the opposite, with significant tax cuts and modest spending cuts leading to a projected $3.3 trillion increase in debt. The Republican leaders are balancing support among moderates with concerns of increased deficits and cuts to essential safety-net programs.
Despite Trump's assertion that the new tax-and-spending bill would save money, economists predict it could add significantly to the federal debt over the next decade.
White House Press Secretary Leavitt claimed this bill represents the largest savings in history, a statement sharply countered by fiscal watchdogs estimating massive debt increases.
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