The White House insists on the Trump “Great and Beautiful” bill will help reduce US debt

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The White House insisted that Donald Trump’s economic policies will help reduce US debt as it makes the final stadium to beat the financial falcons in the Senate and obtain a draft law leading to the president on the line this week.

In a new analysis issued on Wednesday, the Economic House of Economists in the White House argued stronger growth and will cover customs tariffs for the costs of making the first tax cuts of Trump.

the a report At a time when the administration is trying to calm the fears of some members of the Republican Senators after many independent predictors warned that the legislation would exacerbate the already swollen debt pile in the country.

“The draft law” is very strong and we expect to create an economic boom only … but also to restore financial rationality and reduce deficit rates and debt.

Trump wants to sign the draft law permits law by July 4, and the pressure on the Senate has accumulated to pass it by the end of the week. The House of Representatives issued its own version of legislation last month.

“For my friends in the Senate, lock yourself in a room if you have, do not return home, and accomplish the deal this week,” the president to publish On his social network, on Tuesday. “Nobody goes on vacation until it is done.”

Republicans have a narrow majority between the ages of 53-47 only in the upper room, but some Senate members threatened to block their support for the draft law unless it does more to reduce the levels of US debt.

“What we feel is a severe debt crisis,” said Ron Johnson, the Republican Senator from Wisconsin last week. “What we are trying to avoid is to look at international creditors in the United States and say you are credit dangers.”

Independent predictors, including the Congress Budget Office, the responsible budget committee and the Warton School, said that all the bill will expand the deficit during the next decade, which sent the last American federal debt to the highest level in World War II.

But CEA said on Wednesday that the debt will decrease to 94 percent of GDP by 2034 when the effects of the Senate Bill are combined with Trump’s wider policies, which leads to $ 8.5 to 11.2 tennis in disability discounts during the period.

CBO found this month that the tax bill approved by the House of Representatives US debt enlarged By 2.4 Triton by 2034.

Taking into account the high interest rates, they are met slightly due to economic growth, the Financial Supervision Authority said this number will rise to approximately 2.8 terootes. He said separately that the customs tariff will reduce the deficit by 2.8 trillion over the decade.

The Treasury Market grew to 29 trillion dollars from about 5 Americans in 2008, when the United States reduced taxes with increased spending.

Senior Republicans sought to undermine the analysis of the Central Bank of Oman, on the pretext that his expectations have decreased in the past. “They have always been wrong, and they have always been ignored by the tax cuts for the development of the American economy,” said Steve Scales, the majority of the Republican House of Representatives.

On Wednesday, Miran insisted that the evaluation of the Central Bank of Oman was “not aimed at giving a comprehensive vision to the place where the deficit is going over time because it does not include other things” included in the CEA analysis.

CEA expects up to $ 2.3 million in deficit cuts over the next decade of growth resulting from the provisions of the draft law and up to 3.7 trillion dollars of the president’s standard and energy policies.

The council said that estimated spending discounts will reduce another 1.8 trillion dollars, while the customs tariff revenues will bring 3.2 trillion dollars.