Billionaires John and Laura Arnold Decry ‘Catastrophic Deficit’ in Trump Tax Law

Billionaire philanthropists John and Laura Arnold have made fiscal responsibility a signature cause, going so far as to release a 20-step plan for the US to save up to $4 trillion.

So when Congress passed President Donald Trump’s “Big Beautiful Bill” — which budget watchdogs say could add more than $5 trillion to the national debt — they called it “catastrophic.”