It looks like Trump has decided to approach deficit reduction like he approaches climate change: claim that it is a hoax that his policies will increase the deficit [1].
According to that document he actually is cutting the deficit by $1.407 trillion with the One Big Beautiful Bill, and with the tariffs and deregulation the deficit will be cut by least $6.6 trillion over the next 10 years.
According to that document he actually is cutting the deficit by $1.407 trillion with the One Big Beautiful Bill, and with the tariffs and deregulation the deficit will be cut by least $6.6 trillion over the next 10 years.
[1] https://www.whitehouse.gov/articles/2025/06/mythbuster-the-o...