Musk criticizes Trump's bill
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President Trump’s tax plan has sparked concern among investors, driving Treasury bond yields to a nearly two decade high amid growing worries over U.S. debt.
President Donald Trump said on Wednesday that he plans to negotiate aspects of the "big, beautiful" tax bill, expressing dissatisfaction with certain provisions while being satisfied with others. His comments followed billionaire Elon Musk's criticism a day earlier,
President Trump’s tax policies would add roughly $3.8 trillion to the national debt, according to an analysis released Tuesday by the Congressional Budget Office (CBO). The tax provisions of
All eyes will be on GOP Sens. Josh Hawley, Susan Collins, Rick Scott, Ron Johnson and others who are pushing for changes to the House-passed bill.
The House version of the bill is calculated to add about $3.8 trillion to the federal government's $36.2 trillion in debt over the next decade, according to the Congressional Budget Office.
Republicans argue that growth is the best way to rebalance America's books—economists fear that tax cuts may be the final nail in the coffin for national debt.
1don MSN
WASHINGTON − Sen. Ron Johnson, R-Wisconsin, slammed a sweeping bill backed by President Donald Trump that poses major consequences for taxes, Medicaid, food stamps and more – and warned there are enough GOP senators ready to block it.
3don MSN
Others, including Sen. Ron Johnson (R-WI), have voiced similar concerns about the bill’s steep cost, worrying that it is “mortgaging our children's future.”