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Yo_Mama_Been_Loggin

(126,167 posts)
Thu Jun 26, 2025, 07:32 PM Jun 26

How a GOP accounting maneuver hides $3.8 trillion in red ink from Trump's 'big, beautiful bill'

As Senate Republicans barrel toward votes in the coming days on President Trump's Big Beautiful Bill, they are using a controversial budget maneuver to hide $3.8 trillion in red ink.

This Senate-preferred accounting approach is known as using a "current policy baseline" and takes the stance that extending current tax rates should be counted as having zero cost even if they are set to expire.

What doesn't change is the underlying fact that those changes are projected to add trillions to the national debt if they become law.

The approach is being derided as an "egregious budget gimmick" and upends decades of accounting practices with trillions in economic consequences.

https://finance.yahoo.com/news/how-a-gop-accounting-maneuver-hides-38-trillion-in-red-ink-from-trumps-big-beautiful-bill-160900268.html

They figure they'll be dead or raptured up before the bill becomes due.

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How a GOP accounting maneuver hides $3.8 trillion in red ink from Trump's 'big, beautiful bill' (Original Post) Yo_Mama_Been_Loggin Jun 26 OP
"dead or raptured"... ultralite001 Jun 26 #1
From the party of "fiscal responsibility" progressoid Jun 27 #2
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