Republicans are deceiving us about the cost of the tax bill. It adds trillions to the deficit while allowing Congress to evade a key rule.

What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire at the end of 2028.

President Donald Trump, assisted by Vice President JD Vance, remained in talks with lawmakers throughout the week to coax them into voting for the legislation.