The White House counterattack, on Wednesday, June 4, after an independent budget forecast organization predicted a strong increase in US debt due to an economic megalio by Donald Trump.
The CBO, a Congress budget office, in an estimate published on Wednesday, judged that the “big and beautiful law”, a centerpiece of the economic program of the US president, would result in cumulative deficits, which increase public debt, by $ 2,400 billion in 2034.
One of the closest advisors of the US president, Stephen Miller, said in X that the organization “leaned to the left.”
The White House denounces the projection of the CBO
The CBO is responsible for estimating, in a non -partisan manner, the impact of bills on public finances. He is attached to Congress, now controlled by the Republican Party.
One of the White House stories in X denounced an “extremely false” projection towards him, while the White House Director Russ Vought reproached the CBO to use a “partition that does not reflect reality.”
“To say that it is a great law of expenses is completely false,” he said during an exchange with the press, ensuring that the vote of the text was “very good sense”, despite the criticisms issued by certain Republican senators.
The total debt of the main power of the world today assembles at almost $ 37,000 billion.
The text particularly provides the extension of the monumental tax credits of the first mandate of the Republican billionaire, which arrive at the end of the year.
Elon Musk opposed Donald Trump’s Megali
The American executive ensures that the “big and beautiful law”, as Donald Trump calls it, provides reductions of “permanent” expenses of $ 1,400 billion and will finally lead to a “net reduction” of deficits.
It also ensures that the customs duties desired by the US President will decrease the deficits of $ 2,800 billion in ten years, without specifying whether this prognosis takes into account the commercial agreements that the US president promises to multiply with foreign countries, agreements that should reduce customs taxes and, therefore, tax revenues.
This battle of figures is involved, while a handful of Republican senators, numerous enough to block the text, expressed their opposition to the law.
The supporters of the budget rigor have received support of size in the person of billionaire Elon Musk, who multiplies attacks against a text that presents as a time bomb for public finances.
Source: BFM TV
