The fiscal effects of the One Big Beautiful Bill Act are under scrutiny as lawmakers attempt to get the tax-and-spending package on President Donald Trump’s desk for his signature before July 4.
Critics have said the House Republicans’ legislation would worsen the federal government’s fiscal health.
The White House has rebutted these claims, noting that the reconciliation package is not a budget bill or a blueprint for balancing the budget.
Instead, it is a procedural tool designed to advance as much of the president’s agenda through Congress as possible, based on the Republican votes currently available, and it excludes projected revenue from tariffs and economic growth tied to tax cuts, according to Trump’s top budget official Russ Vought….