Trump Urges Senate to Pass Tax Bill Amid Debt Concerns

President TRUMP is pressuring the Senate to finalize his tax proposal this week, aiming to make his first-term tax cuts permanent. The administration frames this as a solution to the nation's escalating fiscal challenges, claiming it will reduce debt through expanded tariff revenue and accelerated economic growth.

White House advisers project the bill could trigger an economic boom and improve deficit ratios. However, skepticism abounds. Independent analysts and some Republican senators warn the legislation risks exacerbating the U.S. debt crisis, potentially undermining confidence in global credit markets.

The debate highlights a growing divide within the GOP. While figures like economic adviser Stephen Miran champion the bill's potential, dissenting voices like Senator RON Johnson caution against triggering a loss of faith among international creditors.