There is no compelling economic rationale for this bill in its current form. Congress is poised to pass a reconciliation bill, politically dubbed the “One Big, Beautiful Bill,” that could do serious harm to America’s economic future.

The nonpartisan Congressional Budget Office on Wednesday released a revised estimate of the cost of President Donald Trump's tax-cut bill passed by the U.S. House of Representatives, concluding it will add $2.

The political headwinds stalling President Trump's massive tax extension and budget cuts were hit by a powerful dose of accounting. The Congressional Budget Office reports the current budget package would add more than $2 trillion to the national debt over 10 years.