Donald Trump claims that the economy will grow as a result of his extensive tax cuts. However, some claim that the bill will cause more money to be owed.
President Donald Trump’s signature policy bill, known as the “One Big Beautiful Bill Act,” would lower taxes and largely benefit the wealthiest Americans.
Federal spending would be slashed, including those related to student loans, food stamps, and Medicaid, to pay for it. Supporters claim that the bill will create jobs and spur economic growth.
Millions of Americans would be paying the price, claim critics, including some Republicans. The bill’s non-partisan Congressional Budget Office predicts that the debt will total an estimated $3.3 trillion over the course of ten years.
Why was the US tech industry’s digital tax eliminated in Canada?
Source: Aljazeera
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