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.
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.
The tax cuts for the 1% are real; it’s just the ones for everybody else that are fake.