The GOP budget bill – Deficit soars $300 billion a year due to lack of spending cuts. Tax holiday extended, but the cost? A catastrophic $20 trillion debt increase.

The budget blueprint directs multiple committees to cut billions of dollars, including $880 billion in cuts spearheaded by the Energy and Commerce Committee. However, these cuts are not enough to balance the budget, leading to concerns about the long-term fiscal health of the country.

Sources:

https://www.americanprogress.org/article/congressional-republicans-budget-plans-would-force-americas-working-class-to-foot-the-bill-for-tax-cuts-for-the-wealthy/

https://www.msn.com/en-us/news/politics/what-s-in-the-house-gop-s-budget-resolution-here-s-what-to-know/ar-AA1zQs2V

https://www.msn.com/en-us/news/politics/house-republican-budget-passes-five-key-takeaways/ar-AA1zP2Al

https://www.usatoday.com/story/news/politics/2025/02/26/what-to-know-about-gop-budget-plan/80469749007/