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[–] 5 points 1 year ago (1 child)

The Big Beautiful Bill isn’t really a tax cut. It is mostly comprised of deferred taxes. They only slashed a trillion from the budget. The rest is financed through increased debt.

The BBB will add over 3 trillion to the deficit which the public will pay one way or another.

Either higher taxes down the road, increased inflation or through higher interest rates… Most likely a combination of all three. But it will be paid.

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