Sun May 25 14:30:00 UTC 2025: Here’s a news article summarizing the text, focusing on the core concerns and controversies:

**GOP Tax Cut Plan Could Dwarf Past Stimulus Packages, Raising Deficit Fears**

**Washington D.C.** – A Republican tax cut plan making its way through Congress is facing criticism for its potential cost, which some experts say could exceed the combined price tag of the Trump-era Tax Cuts and Jobs Act (TCJA), the CARES Act, and the American Rescue Plan. While proponents argue the cuts will spur economic growth, critics warn the legislation could balloon the national debt, undermining potential benefits.

The Congressional Budget Office (CBO) estimates the GOP tax cuts in the One Big Beautiful Bill Act will cost $3.8 trillion over the next decade, but experts like Manhattan Institute Senior Fellow Jessica Riedl argue the true cost is closer to $6.5 trillion when accounting for expiring provisions, additional tax savings, and the resulting interest costs. The House bill includes roughly $1.3 trillion in offsets, but the Senate is likely to remove many of these, raising concerns about how the tax cuts will be paid for.

Critics further point to the timing of the proposed cuts, coming as deficits have already tripled to $1.8 trillion annually since the 2017 TCJA was passed. They argue that relying on projected economic growth to offset the costs is unrealistic and note that models from organizations like the Tax Foundation and the Penn Wharton Budget Model predict minimal long-term economic benefits.

Concerns are also rising about the economic drag of adding trillions to the national debt, which is already approaching $36 trillion, and what it will do to interest rates as Moody’s Investors Service recently downgraded Washington’s credit rating.

Both parties are complicit in the massive debt and should re-evaluate their refusal to confront a debt headed toward $200 trillion over the next three decades.

While Democrats have criticized the Republican proposal, their own fiscal record is also under scrutiny, as they are pushing additional trillions in deficit. Experts call for a re-evaluation of both parties’ approaches to fiscal policy, urging them to address the growing national debt through a combination of spending cuts and responsible tax reform.

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