The House approved Trump’s budget bill by a single vote, which extends tax cuts and boosts border security funding by over 50 billion USD. It also proposes cuts of 800 billion USD from Medicaid and other welfare programs.
Experts predict the bill could add 3.3 trillion USD to the national debt, projecting a debt-to-GDP ratio increase to 125% by 2035. Trump’s team believes it will boost economic growth and job creation, but analysts express skepticism.
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