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.

President Donald Trump’s big bill is likely to unleash trillions in tax cuts and slash spending, but also spike deficits by $2.4 trillion over the decade and leave some 10.9 million more people without health insurance.