The U.S. House of Representatives Rules Committee has approved a tax cut bill proposed by President Donald Trump, marking a significant step towards its potential passage in the full House. The decision has ignited debates about federal budget deficits and raises questions about economic impact. While proponents highlight anticipated job growth and increased business competitiveness as reasons for supporting the bill, critics express concerns over projected increases in government borrowing. Analysis of the bill’s fiscal implications is ongoing. The Congressional Budget Office suggests a potential rise in the deficit, prompting contrasting opinions on whether this will be offset by anticipated economic expansion.