Richard Hudson, Representative of North Carolina, said that the One Big Beautiful Bill will reduce debt and deficits while boosting growth and paychecks. His remarks were made on X.
“President Trump’s bold economic agenda is built on historic tax relief, rapid deregulation, balanced trade, and cutting waste,” said Richard Lane Hudson, U.S. Representative from North Carolina. “This will unleash growth and restore FISCAL SANITY through the One Big Beautiful Bill. According to the Council of Economic Advisers: Trump’s plan drives debt down to 94% of GDP by 2034. Biden’s path would have exploded it up to 117%.”
The One Big Beautiful Bill, signed into law in July 2025, is a cornerstone of President Trump’s fiscal agenda. It includes major tax cuts, expanded family credits, and significant increases in defense and border security spending. According to The Wall Street Journal, the Council of Economic Advisers projects that these measures will provide short-term growth but raise concerns about long-term deficits and debt. This has fueled heated debate over U.S. fiscal stability and policy direction.
According to the Congressional Budget Office (CBO), U.S. debt-to-GDP is projected to rise above 123% by 2034. Annual deficits are expected to surpass $2 trillion under the One Big Beautiful Bill’s combination of permanent tax cuts and higher discretionary spending, significantly above projections under current policy.
The Council of Economic Advisers further projects that debt-to-GDP would reach 125% by 2035 under Trump’s plan compared to 112% under Biden-era fiscal policies. Bloomberg Government reports that Trump’s approach produces larger deficits due to expanded tax relief and higher defense spending, while Biden’s plan is marked by higher revenues and more restrained deficit growth.
Hudson, a Republican serving North Carolina’s 9th Congressional District since 2013, is chair of the House Republican Conference. He is recognized for advancing tax reform, regulatory relief, and business-friendly economic policies according to Ballotpedia.
