House Speaker criticizes forecasts of higher US budget deficit due to tax reforms

Donald Trump's tax reforms in the United States continue to provoke strong reactions from experts. Their opinions on the consequences of the bill differ dramatically. While some expect a reduction in government spending, others fear a sharp rise in the budget deficit. House Speaker Mike Johnson, according to CNBC, belongs to the first group and actively supports the President's initiative.

The official disagreed with a study by the nonpartisan Congressional Budget Office, which found that Trump's bill would increase the country's budget deficit by $3.8 trillion over the next decade. Mike Johnson called the agency's forecast and other similar projections “dramatically overstated”. He believes the US tax reforms will mark the largest cut in spending in at least 30 years, and arguably of all time. This will contribute to strong economic growth in the United States.

CNBC notes that Johnson is urging fellow Republicans to make only minimal changes to the original version of the document.