Preface: I believe the pandemic is real and covid is deadly.
People argue that increases in death could also be attributed to suicide, deteriorating health from mental hardship of stress and quarantine, and people not seeking medical treatment they need because they are scared of covid or because they cannot afford it with so much unemployment.
I think the last one holds some water. I know of one person in my hometown who chose not to go to the hospital because he was scared of covid and ended up dying of a heart attack.