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‘Earnings’ host Charles Payne, President Donald Trump discusses the impact of the tax bill to the US economy.
The United States will face a decline if Senate could not pass the President Donald Trumps The director of the Budget and Management Office (OMB) of the Budget and Management Office (OMB) warned Wednesday.
“We will be a recession.” “Economic storm clouds will be very dark. I think we will have 60% tax growth in the American people.”
Subcompitte before the house allocations was expressed until Wednesday. Although the White House’s budget for 2026 is listening to Wednesday, the conversation has become a reconciliation process for Trump’s “Big, Nice” bill.
Trump Ally Elon Musk, Senate Republicans Even some unfortunate house GOP members threw their doubts after a haircut from a hire in the house this week after an awake this week. The bill is taken into account by the Republican Management White House and Congress.
OMB Director Russell, a house’s financial services and general government audition tools, June 4, 2025 (Allison Robbery / Bloomberg Getty Images / Getty Images)
Congress budget management (CBO) reported that Wednesday A great beautiful law action Taxes will increase by $ 3.7 trillion while increasing the shortcomings between $ 2.4 trillion over a year.
‘Nonpartisan’ CBO health section says the group adapted by the staff, gop by demons
The report also estimates that it will leave 10.9 million people, including 1.4 million people without legal status in the framework of the bill, including the state-funded programs.
National debt rose 36,215.207,426,690.65 $ On June 4, according to the latest numbers published by the Treasury Department. The previous day is about $ 806 million.
Sen. Rand Paul, R-ky.
If you have a reputation between the Democrats serving during the first management of Trump contribution “Project 2025.”
When the CBO analysis was accurate, he replied, “No, I think it is wrong.”
“This will lead to reduced duties and debt of $ 1.4 trillion,” he said. “This will reduce compulsory deposits of $ 1.7 trillion. I do not think that they build its foundations are not only a fair concussion, but justifies the economic consequences of expanding the current tax relief.”
Trump warns Rand Paul to play ‘in the hands of Democrats’ with the ‘Great, Fine Bill Project’
Former President Donald Trump encouraged the Republicans to rally behind a great beautiful law. (Joe Raedle / Getty Images / Getty Images)
There is a CBO, including Trump, Trump’s 2017 tax discounts and business law (TCJA) affect the economy.
“If the tax relief is not extended, we will be a decline or worse, it is simply something that is not based on their analysis.”
OMB of Director added to Republicans growing criticism This CBO does not provide accurate financial predictions.
“Historically, there are unidamic assumptions on tax policy,” he said. “The road to the CBO is a life use, this is to prevent something that causes a new value to taxpayers.”
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CBO noted to the work, the report broadcast on Wednesday, the legislation does not include a macroeconomic effect or a dynamic analysis.
FOX News Digital Anders Hagstrom, Alexa Angelus and Eric Revell contributed to this report.
