Topic: Budget Deficit

1 chapters across the catalog

Representative Chip Roy announced his opposition to the "Big Beautiful Bill" (BBB), citing concerns over a 10-year moratorium that prevents states from regulating artificial intelligence. Roy argued that the bill destroys federalism and fails to implement significant spending cuts, noting that the projected $1.6 trillion in reductions are merely decreases in future increases. He warned that the bill would add $400 billion to the existing deficit in its first year.