Congress is about to pass what was billed as a once-in-a-generation budget reconciliation bill to rein in inflation. Instead, Republicans have delivered more spending, more debt, and a grab bag of random, inefficient tax cuts. After promising to slash the Biden-era debt explosion, GOP leaders have produced a plan with no major reforms and a laughable 0.004% spending cut over 10 years — after increasing spending.
Conservatives reluctantly backed the House reconciliation bill under pressure from President Trump. The bill didn’t promise immediate savings, but it instructed committees to identify between $1.5 trillion and $2 trillion in mandatory spending cuts over a decade. In exchange, Republicans agreed to raise the debt ceiling by $4 trillion and handed out $4.5 trillion in tax cuts —
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!