President Trump's budget chief Russell Vought argued that the prediction the tariffs will take a major bite out of U.S. deficit levels is a key part of the administration's argument for the GOP's "big, beautiful bill."

The Congressional Budget Office (CBO) found Wednesday that Trump's tariffs will reduce the deficit by $2.5 trillion over the next decade, while also finding that the bill passed by the House would add $2.4 trillion to deficits through 2034.

Vought, who is the director of the Office of Management and Budget, said that the tariffs shrinking the size of the U.S. government should be "part of the........

© The Hill