The reconciliation package taking shape in the House will add at least $3.3 trillion to the debt through 2034, according to a new analysis by the Committee for a Responsible Federal Budget (CRFB). "American incomes measured by Gross National Product (GNP) would increase by less than 0.05 percent because the deficit impact of the bill drives a wedge between the increase in economic output and the increase in American incomes," reads the Tax Foundation report. "With debt projected to exceed its historic record and interest costs already consuming a growing share of the budget, adding trillions to the debt through reconciliation would further weaken our fiscal position and constrain future economic growth," concludes the CFPB analysis.
Author: Christian Britschgi
Published at: 2025-05-14 21:09:50
Still want to read the full version? Full article
