Vought: Estimates that tariffs will reduce deficit ‘major part’ of argument for ‘big, beautiful bill’

Jun 5, 2025 - 04:01
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Vought: Estimates that tariffs will reduce deficit ‘major part’ of argument for ‘big, beautiful bill’
President Trump’s budget chief Russell Vought argued that the prediction the tariffs will take a major bite out of U.S. deficit levels is a key part of the administration’s argument for the GOP’s “big, beautiful bill.” The Congressional Budget Office (CBO) found Wednesday that Trump’s tariffs will reduce the deficit by $2.5 trillion over the next…

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