Speaker Mike Johnson, who guided the bill through the House over the objections from both fiscal hard-liners and moderates in his conference, declared "It's not going to add to the debt," when asked if Trump would take ownership of an increase of the deficit.

As the House Republicans pass President Donald Trump’s sweeping tax bill, businesses may face drastic changes if approved by the Senate. The House GOP’s ‘One Big Beautiful Bill Act ’ would raise the federal deduction limit for state and local taxes,