GOP Tax-Cut Promise Meets Reality of Mounting Debt

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Source: MS NOW
GOP Tax-Cut Promise Meets Reality of Mounting Debt
Photo: MS NOW
TL;DR Summary

Republican lawmakers promised the 2025 tax cuts would pay for themselves, but deficits are widening (about $2 trillion in the first 11 months of fiscal 2026) and official projections show the legislation adding trillions to the national debt. CBO, JCT and other models estimate the bill will cost roughly $3.4–4.7 trillion over the next decade, despite GOP claims of growth, prompting talk of entitlement reform and spending restraint as the debt nears $40 trillion and debt-ceiling votes loom.

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