President Donald Trump stops the “One Big Beautiful Bill Act”, which was signed on July 4, 2025 in Washington, DC (photo by Alex Brandon – Pool/Getty Images), on July 4, 2025 in Washington, DC (photo by Alex Brandon – Pool/Getty Images), during a military family picnic at the South Lawn of the White House.
“In 2017, President Trump signed the greatest tax reduction in history in history. Today we will make these tax reductions permanently thanks to the hard work of the paths and means of the Republicans and prevent a tax increase of the year.” – Rep. Carol Miller, Rw.va.
Miller apparently believes that the government should carry out deficits that will pay our children. The impartial budget office in the congress estimates that the enormous, beautiful bill (or more precisely the budget buster accounting) -even after taking the law on Medicaid and Affordable Care in the law, which leaves countless residents of West Virginia without insurance, will be increased by 3.4 trillion dollars in the next decade.
I am a proven fiscal conservative who wants a balanced federal budget. Otherwise, we leave our children and grandchildren an enormous crisis that chasing the air in their lives and ruins the US economy.
Yes, the public debt has been out of control due to both parties. Currently only one party is currently checking the presidency and the congress – the GOP. Therefore, this column is examined its earlier expenses and recently approved the expenditure calculation. Childish to say: “But take a look at what the Democrats have done in the past” is not helpful in analyzing the effects of Trump’s recently adopted Buster Bill budget, which contains Trump’s fleeting tax cuts for 2017 and makes them permanently. The BBB also cuts Medicaid/ACA, against Trump’s promise.
Trump is a well -known amount; He had a first term. One of his priorities for 2016 was to search a package of historical tax cuts, which he carried out in 2017. In an interview with Sean Hannity, he explained that his tax cuts would encourage the economy against what the Congress’s budget office would have calculated When estimating almost 2 trillion dollars over a decade.
Trump explained that his cuts in 2017 due to increased growth – lowerAnd do not enhance our public debt. So also his finance minister Steven Mnuchin, who said “With 3% economic growth, this tax plan will not only pay for itself, but will actually generate additional income for the government.” The first Trump tax reduction did exactly the opposite of what Trump and Mnuchin predicted. Here are the facts.
In 2016, the last year of Barack Obama’s presidency, our annual deficit was unacceptable $ 585 billion. Despite Trump’s opposite promise, it grew every year due to its tax cuts. In 2019, before Covid-19, it was up to almost $ 1 trillion. It was over by 2020 $ 3 trillions yearly. These are the same tax cuts that Trump permanently requested in his recently adopted budget buster.
Here is who Advantages From these tax cuts this year:
- The richest 1% of households receive tax cuts on average of over 60,000 US dollars
- For more normal Americans of the working class (ie households in the lower 60%), their tax cutting is less than $ 500
In 2017, as in 2025, Trump was strongly armed to support him against her better judgment. For example, here is what Trump and the GOP leader of the Senate misleading at that time –
- Majority leader of the Senate Mitch McConnell -“We are completely confident that this is a sales -neutral calculation and probably a sales producer.”
- President Trump – “We have $ 21 trillion. If this [tax cut] Really, we will pay these debts like water. ”
BBB of the GOP increases the budget deficits by 3.4 trillion dollars, in addition to an already outrageous public debt. The GOP shares the children in West Virginia with excessive debts and hypocritical. Think of this fact if you vote in 2026 and 2028.
