• Dead_or_Alive@lemmy.world
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    18 hours ago

    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.