The bill runs to some 1,000 pages, and a dozen or so of its provisions have attracted wide attention
The proposal would allow individuals to receive a dollar-for-dollar federal tax deduction for contributions to privately run scholarship-granting organizations, with the total capped at $5 billion. Funds would be available in all 50 states for middle- and lower-income families.
The bill’s most controversial item is something many feel it does not sufficiently address — America’s $21 trillion deficit.
Although the bill makes spending cuts, including to some entitlement programs, it also seeks to enshrine temporary tax cuts as permanent, among other measures. The Congressional Budget Office estimates the bill will increase deficits by $2.4 trillion over the next ten years. This led former DOGE head Elon Musk to lambaste the bill as a “disgusting abomination.”
The White House and Congressional Republican leaders are waving off the criticism and insist the bill will actually generate more revenue and lead to a modest decrease in the national debt.
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