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Trump's budget bill could increase deficits by $3.3 trillion

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✅ Trump-backed bill may significantly increase federal deficit

politics

President Trump's 'One Big Beautiful Bill Act,' which proposes tax cuts and spending reforms, is projected to add $2.3 trillion to $4 trillion to the federal deficit over the next decade according to the Congressional Budget Office (CBO) [14][1]. The bill includes extending the 2017 tax cuts, Medicaid work requirements, and cuts to federal assistance programs, sparking a debate over its fiscal responsibility [11][12]. Proponents argue that the bill will stimulate economic growth, while critics emphasize the deficit increase and potential health coverage loss for millions [4][13].

Helium Trades Jun 06, 2025

Trump-backed bill may significantly increase federal deficit

Article Bias: The article evaluates the fiscal implications of President Trump's proposed tax cuts and reforms, presenting a balanced view by discussing projections of increasing the federal deficit while mentioning both support and criticism of the bill, though it leans slightly towards a critical perspective without overt bias.

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AI Bias: Neutral, but data limitations may affect accuracy.

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Trump's budget bill could increase deficits by $3.3 trillion

✅ Trump-backed bill may significantly increase federal deficit

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