The Trump Tax Bill and Immigration Plan Could Add $550 Billion in Interest Payments to National Debt

according to a new analysis. The non-partisan Committee for a Responsible Federal Budget estimates that the Trump tax bill and immigration plan would add $550 billion in interest payments to the national debt over the next decade. This would bring the total interest on the debt to a staggering $2 trillion by 2028. The tax bill, which was signed into law in December 2017, has been touted by the Trump administration as a major boost for the economy and job growth. However, critics have argued that the bill disproportionately benefits the wealthy and adds to the already ballooning national debt. The immigration plan, which includes funding for a border wall and stricter immigration policies, has also faced backlash for its high cost. The analysis by the Committee for a Responsible Federal Budget warns that the added interest payments would come at the expense of other important government programs, such as healthcare and education. The report also notes that the interest payments would likely continue to rise in the coming years, reaching $6 trillion by 2048. The national debt currently stands at over $22 trillion and is expected to continue growing in the years to come. The Trump administration has defended the tax bill and immigration plan, arguing that they will ultimately lead to economic growth and reduce the national debt. However, the new analysis raises concerns about the long-term financial impact of these policies. As the national debt continues to climb, it is important for the government to carefully consider the consequences of its spending and make responsible decisions to ensure the country's financial stability. With the 2020 election approaching, the topic of the national debt and government spending is likely to remain a major point of discussion. " The Trump tax bill and immigration plan are facing new criticism as a non-partisan analysis reveals that they could add $550 billion in interest payments to the national debt over the next decade. This would bring the total interest on the debt to a staggering $2 trillion by 2028. The tax bill, which has been praised by the Trump administration for its potential to boost the economy, has been heavily debated for its disproportionate benefits to the wealthy and its impact on the growing national debt. The immigration plan, which includes funding for a border wall, is also facing backlash for its high cost. The analysis warns that the added interest payments could lead to cuts in important government programs and would continue to rise in the coming years. With the national debt already at over $22 trillion, the long-term financial impact of these policies is a growing concern. As the 2020 election approaches, the national debt and government spending are likely to remain a key topic of discussion.