June 3rd, 2025
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President Trump's tax plan is getting a lot of criticism because it's very expensive and people worry it could make the country's debt bigger. People like some Republican politicians, investors, voters, and even Elon Musk are worried that the plan won't reduce the debt like it's supposed to. The White House disagrees and says the tax cuts will help the economy grow. But many experts don't think the plan will create enough growth to pay for the added debt. Also, the tax cuts will end in 2028, which could create problems for politicians in the future. The White House hopes to use money from tariffs to help with the debt, but some court decisions are making that difficult.
June 3rd, 2025
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