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House Passes Trump’s Budget, Will Create Trillions of Dollars of Additional Debt

July 3rd, 2025

Although there were some conservative wins in the budget reconciliation bill (OBBBA), I voted No on final passage because it will significantly increase U.S. budget deficits in the near term, negatively impacting all Americans through sustained inflation and high interest rates. pic.twitter.com/rjcRc8t0ay

— Thomas Massie (@RepThomasMassie) July 3, 2025

Via: USA Today:

The fight is over: Republicans’ sweeping bill to cut taxes and slash benefit programs like Medicaid has passed out of Congress and is on its way to President Donald Trump’s desk to be signed into law during a July 4 ceremony at the White House.

…

It is estimated to increase deficits by around $3.4 trillion over the next ten years.

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