Leading “Earn money” Charles Payne discusses the consequences of President Donald Trump’s tax account on the US economy.
US will face recession if the Senate is not the president Donald Trump One big beautiful bill, the director of the budget and management department (OMB), was warned on Wednesday.
“We will have a recession,” Vus said. “The economic clouds will be very dark. I think we have 60% tax growth of the American people.”
Vought testified before the Subcommittee on the House of Representatives on Wednesday. And although the request of the White House budget of 2026 was appointed the subject of hearings on Wednesday, the conversation turned into the process of reconciliation for “one big, beautiful” Trump.
Trump Ali Elon Musk, Senate Republicans And even some regrets of Houme GOP members raised doubts about one big bill this week after it passed the hair in the house less than two weeks ago. The bill is considered by the White House and Congress under the leadership of the Republicans.
National debt tracker: US taxpayers (you) now hook for $ 36 215,207,426 690,65 as of 4.04.25
OMB Director Russell Wuts is considering a subcommittee on financial services and a general hearing in Washington, Colombia County, Wednesday. (Alison Robbert / Bloomberg via Getty Images / Getty Images)
The Congress budget (CBO) budget on Wednesday reported that One big beautiful bill reduce taxes by 3.7 trillion. Dollars, increasing the $ 2.4 deficiency over the decade.
According to the GoP Group Group, the said
The report also estimates that it will leave an additional 10.9 million people without health insurance in accordance with the bill, including 1.4 million in the country without legal status in state programs.
Public debt has grown $ 36.215,207,426,690,65 As of June 4, according to the latest issues published by the Ministry of Finance. This is about $ 806 million from the figure, according to the previous day.
Senator Rand Paul, R-Ky., Discusses his objections with President Donald Trump’s tax bill on “Varney & Co.”
Vought has decades of conservative policy contributing to “Project 2025.”
Asked if the CBO analysis was accurate, Wuts replied: “No, I think it’s fundamentally wrong.”
“This will reduce the deficit and debt of $ 1.4 trillion,” he added. “This will reduce the mandatory savings 1.7 trillion.
Former President Donald Trump urged Republicans to rally behind one big bill. (Joe Redl / Getti Images / Getty Images)
Vought criticized CBO for not having turned on as an extension of the law on tax and job reducing in 2017 (TCJA) will affect the economy.
“The degree to which we would have had a recession, or worse if the tax benefits do not expand are that they just do not take into account their analysis,” he said.
OMB Director added to Republicans growing criticism that CBO does not give accurate financial forecasts.
“They only had historical, unlike assumptions about tax policy,” Wuts said. “The way CBO works, it is that they judge the date of fitness as something that makes it look like new taxpayers’ costs.”
Click here to get the Fox News app
CBO noted Fox Business that its report published on Wednesday does not include macroeconomic effects of legislation or dynamic analysis.
Anders Hagstrom, Alexa Angelus and Eric Revel contributed to the Fox News Digital report.
