Warren Slams Republican Tax Bill: 'Magic Math' and a Budgetary 'Hole'

Senator Elizabeth Warren slammed the Republican tax bill on Wednesday, calling the projected savings "magic math" and warning it would create a massive hole in the US budget. Speaking on CNBC, Warren stated, "The Republicans can do whatever nonsense they want to do and pretend that this is not going to cost money." She pointed to the bond market's negative reaction as evidence of the bill's flawed assumptions. Warren's concerns center on the bill's insufficient revenue generation to cover its expenses. She fears this will lead to drastic cuts in crucial areas, potentially impacting healthcare. The senator's remarks highlight a growing debate over the bill's fiscal responsibility and its potential consequences for the American people.