Wisconsin, slammed a sweeping bill backed by President Donald Trump that poses major consequences for taxes, Medicaid, food stamps and more – and warned there are enough GOP senators ready to block it.

Others, including Sen. Ron Johnson (R-WI), have voiced similar concerns about the bill’s steep cost, worrying that it is “mortgaging our children's future.”

P resident Donald Trump’s “big, beautiful” tax-and-spending bill could come with a big, ugly cost, economists warn. Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade.

Financial markets are looking for more “fiscal discipline” from Washington, a top official at the Federal Reserve warned.