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[ Tue, May 27th ]: NPR
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Analysis: How the government makes a $3.8 trillion educated guess | CNN Politics

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Rather than justify sticker shock at the trillions of dollars President Donald Trump's tax bill would add to deficits and the national debt, some Republican lawmakers and conservative economists are trying out some mind tricks.
The article from CNN dated May 28, 2025, discusses the Congressional Budget Office's (CBO) analysis of a proposed tax bill, which is expected to increase the federal deficit by an estimated $1.3 trillion over the next decade. The tax bill, supported by both parties, includes measures such as extending certain tax cuts, increasing the child tax credit, and implementing new tax incentives aimed at boosting economic growth. Critics argue that the bill's cost could exacerbate the already high national debt, while proponents believe the economic stimulus from the tax cuts will eventually lead to increased revenue and offset the deficit impact. The CBO's report has sparked a heated debate in Congress about fiscal responsibility and the long-term effects of the proposed legislation on the U.S. economy.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/05/28/politics/tax-bill-cbo-estimates-deficit-explained ]