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While proponents argue that economic growth driven by these tax cuts will offset the increased debt, skeptics caution that the bill's provisions might worsen the federal deficit. The potential for higher interest rates and fiscal instability remains a significant concern.
The Legislative Path Forward
The bill now advances to the U.S. Senate, where its future is highly uncertain. Senators are expected to debate, amend, and negotiate aspects of the legislation, especially regarding its fiscal impact, healthcare provisions, and social programs. Public opposition among constituents and political disagreement may influence the legislative process.