Republicans defy fiscal critics to push through Trump's signature 'beautiful' tax cuts

With the help of JD Vance and his tie-breaking vote, Senate Republicans narrowly passed their version of the so-called "One Big Beautiful Bill Act" on Tuesday. It is projected to increase budget deficits by roughly $4 trillion over the next decade.

An analysis by the Committee for a Responsible Federal Budget (CRFB) using data from the nonpartisan Congressional Budget Office (CBO) found that the GOP package of tax cuts and spending would increase budget deficits by over $3.4 trillion from fiscal year 2025 to 2034.