Entertainment icon Bette Midler has drawn attention to a major tax and policy bill moving through the Senate. The bill contains hundreds of provisions that would change how Americans pay taxes and receive government benefits. According to analysis from the Congressional Budget Office, the legislation would add more than $3 trillion to the national debt over 10 years.
The bill includes significant tax cuts for wealthy Americans and businesses. It would permanently extend lower tax rates and increase the standard deduction. The child tax credit would rise to $2,200 permanently. Business owners would keep a 20% deduction on their income. These tax changes alone would cost over $7 trillion.
