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The Wharton School of Business—one of the most respected nonpartisan economic forecasting groups in the country—has graded the Big Beautiful Bill.
The grade is not beautiful.
Wharton estimates the bill will boost the U.S. economy slightly in the short term, mostly due to tax cuts and increased defense spending.
That’s right—more “growth” fueled by the war machine, just like under Biden.
But the long-term effects are grim:
GDP drops 0.3% over 10 years, and 4.6% over 30.
The top 10% capture nearly 80% of the tax benefits, while lower-income families lose around $885 per year by 2030—because rising debt and a weakening dollar function as a hidden tax on the poor.
The national debt could rise 7.7% by 2034, adding $2.66 trillion and pushing the total to nearly $37.3 trillion.
Make no mistake: this is a uniparty bill—even if Democrats didn’t vote for it. The only real difference between this and Biden’s so-called Infrastructure Bill is where the money pretends to go.