But America is not drowning in debt because taxes are too low. We are drowning in debt because Washington spends too much. In fact, The last time America came close to balancing the budget was 2018-2019, right after the Trump tax cuts went into effect. This bill cuts over $1.6 trillion in mandatory spending, strengthens Medicaid for those who truly need it, and lays the groundwork for further cuts through rescissions and the appropriations process later this year. (04:00–04:10)
CLAIM
Asserts that the budget was nearly balanced following the Trump tax cuts.
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