‘Democrat’ CBO’s Numbers Show ‘Tremendous Surplus’ for ‘Big Beautiful Bill’ When Coupled with Tariffs– www.westernjournal.com
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President Donald Trump highlighted on Thursday that even by Congressional Budget Office calculations, the cost of the “Big Beautiful Bill” is offset by the revenue being generated by tariffs over the next 10 years.
During a news conference from the Oval Office with German Chancellor Friedrich Merz, Trump responded to the criticism leveled by Elon Musk and others that the bill will add trillions of additional dollars to the national debt.
The CBO estimated that the Big Beautiful Bill will result in $2.4 trillion more in deficit spending, plus an additional $551 billion in interest paid on the national debt over the next decade, according to the Committee for a Responsible Federal Budget.
However, Trump pointed out that the CBO, which he said is “run by Democrats,” also calculated that his tariffs will reduce deficit spending by $2.8 trillion over the next decade.
The president asked Treasury Secretary Scott Bessent to elaborate on the issue.
