Agency: The "Big and Beautiful" bill has limited actual boost to the US economy

Planet Daily News: Although the U.S. government calls its fiscal plan "a grand and beautiful bill," Lombard Odier sees little reason for optimism. The institution believes that this budget proposal has almost no macroeconomic stimulus effect and may further worsen the fiscal outlook. Strategy analyst Filippo Pallotti points out that the bill is expected to expand the federal deficit by approximately $4 trillion over the next decade; if tax reduction measures are made permanent, the deficit could be even higher. While tariff revenues can somewhat alleviate fiscal pressure, public debt as a percentage of GDP is still expected to rise to 119% around 2034. Most tax reduction measures are unlikely to significantly boost consumption, and the largest spending cuts will be concentrated in healthcare and food assistance areas. Given this budget (Jin Ten)