And in this particular bill, one of the reasons why government expenses have gone up is the interest on the debt. Interest rates have gone up, the debt has gone up because of the Trump administration's previous tax bill in 2017. and decreasing revenues and therefore increasing deficit and debt. And this only makes it worse by the tune of, by some estimates, $3.5 trillion in additional debt to our nation over the next 10 years. (07:46–07:57)
CLAIM
Asserts that the 2017 tax bill under the Trump administration led to increased debt and interest rates.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
