According to Deep Tide TechFlow, on June 4th, economist Peter Schiff posted on social media stating that contrary to Trump's statement, the 'Great Beauty Act' will not promote economic growth in the United States. This act will only increase spending and debt, leading to a weaker dollar, rising inflation, and higher long-term interest rates. Therefore, this act will actually result in a larger fiscal deficit than the U.S. Congressional Budget Office predicts.