Republican Budget Bill Is an Economy Killer: Kathryn Edwards

July 3, 2025, 6:41 PM UTC

Congress passed the “One Big Beautiful Bill Act” and is sending it to President Donald Trump for his signature so it can become law. Any hope that enough Republicans would have the courage to put the needs of the economy and America’s fiscal position before tax cuts for the rich was met instead with callow cost fiddling.

The damage this bill will inflict has been laid bare by the bipartisan Congressional Budget Office in its estimates for how much it will add to the country’s already bulging debt and deficit while exposing the accounting gimmickry underpinning Republican forecasts. It’s important to know ...

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