Peter Schiff – X, Released on 5/22/25

The Big, Beautiful Bill contains 1,116 pages, yet not a single page reduces future deficits. In fact, they make them larger. Only two House Republicans had the courage to vote against this monstrosity, @RepThomasMassie and @Rep_Davidson. The bill is a total fraud and a betrayal.

— Peter Schiff (@PeterSchiff) May 22, 2025

The claim that the Big, Beautiful Bill cuts taxes is a lie. The real cost of government that taxpayers must bear is total spending. Since this bill increases spending, it's a tax hike, not a tax cut. Americans will ultimately pay the cost with higher inflation and interest rates.

— Peter Schiff (@PeterSchiff) May 22, 2025

Trump claims the Big, Beautiful Bill is "the most significant piece of legislation signed in the history of our country." The only thing significant about the bill is the increase in the national debt it will produce. It's full of gimmicks that hide the added cost of government.

— Peter Schiff (@PeterSchiff) May 22, 2025

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Peter is the CEO and Chief Economist of Euro Pacific Asset Management and Chairman of Schiff Gold. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

  big beautiful bill, inflation, Trump, us debt crisis, us deficit