Larger tax-cut proposal not enough to offset drag on growth from tariffs: Goldman Sachs
1. Republicans' tax cuts are larger but insufficient against economic growth drag from tariffs. 2. Proposed tax cuts may increase deficit by 0.4% of GDP, impacted by tariffs. 3. Tariff revenue could exceed the deficit increase from the proposed fiscal package. 4. Moody's downgrade of U.S. credit rating reflects fiscal outlook concerns. 5. Deficit projections signal potential risks for broader economic stability.