The Senate’s Big Beautiful Blunder Could Increase the Debt by $6 Trillion
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On June 30, the Senate approved its version of the massive Republican tax-and-spend reform bill on a 51–50 tie-break vote. As written, the bill will add nearly $4 trillion to the debt. Under realistic assumptions about economic growth, congressional extensions of tax giveaways or delays to spending reform, and the fiscal impact of mass deportations, the bill’s cost could soar past $6 trillion. Put bluntly, the Senate’s megabill is a fiscal disaster. It violates the House’s fiscal framework and speeds the nation toward crisis.
