Trump's Tax Cuts to Increase Deficit by $2.8 Trillion | JQJO

The Congressional Budget Office (CBO) released a dynamic analysis of Trump's tax cut package, estimating a $2.8 trillion increase in the deficit over a decade. This is higher than the earlier static analysis. The increased deficit is attributed to higher interest rates and payments on the national debt. Republicans argue that the dynamic model better reflects economic growth spurred by tax cuts, while Democrats criticize the increased debt. The Senate is currently revising the bill, including proposals for deeper Medicaid cuts and enhanced tax breaks for seniors, sparking debate and disagreement among lawmakers.