Traditional estimates say that Trump’s tax package will add about $4 trillion to the national debt. Senate Republicans have slashed that number by changing the way Congress does its accounting.

Senate Republicans unveiled a new version of their $4.2 trillion tax cut package, moving closer to a vote as they near a July 4 deadline set by President Donald Trump.The new draft reflects compromises among warring factions of the Senate GOP which has been divided over how much to cut safety-net programs such as Medicaid and how rapidly to phase out of renewable energy tax credits enacted under the Biden administration.