Trump’s ‘Big, Beautiful Bill’ Stirs Debate on Deficit Impact—Here’s What to Know

White House clashes with forecasters over how the legislation will change the deficit over the next 10 years.

President Donald Trump speaks at the U.S. Steel Corporation–Irvin Works in West Mifflin, Pa., on May 30, 2025. Madalina Vasiliu/The Epoch Times

The fiscal effects of the One Big Beautiful Bill Act are under scrutiny as lawmakers attempt to get the tax-and-spending package on President Donald Trump’s desk for his signature before July 4.

Critics have said the House Republicans’ legislation would worsen the federal government’s fiscal health.