‘Work of fiction…’: Will Donald Trump bury US government in debt with multitrillion-dollar tax breaks? Even Elon Musk is concerned
Donald Trump’s ‘One Big Beautiful Bill’ faces skepticism from Republican senators, international investors, and even Elon Musk, due to concerns about escalating US debt. Despite White House assurances of economic growth, critics highlight rising debt levels following Trump’s 2017 tax reductions. Experts warn that increased debt could sustain elevated interest rates, hindering economic expansion and burdening future policymakers.🕒 1 min read
Donald Trump’s ‘One Big Beautiful Bill’ faces skepticism from Republican senators, international investors, and even Elon Musk, due to concerns about escalating US debt. Despite White House assurances of economic growth, critics highlight rising debt levels following Trump’s 2017 tax reductions. Experts warn that increased debt could sustain elevated interest rates, hindering economic expansion and burdening future policymakers.
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