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 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.

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.