CBO Warns Trump’s Tax and Spending Plans Could Add $2.4 Trillion to Deficit
TL;DR Summary
The Congressional Budget Office estimates that Trump's proposed 'One Big Beautiful Bill Act' could increase the deficit by $2.4 trillion over a decade and leave 11 million more Americans uninsured, mainly due to changes in Medicaid and healthcare enrollment rules, while also cutting taxes significantly.
- CBO estimates Trump's bill could add $2.4T to deficit, leave 11 million without health insurance ABC News
- Republicans Try to Discredit Experts Warning About the Cost of Tax Cuts The New York Times
- Trump spending bill to cut taxes by $3.7T, add $2.4T to deficit, CBO says Fox Business
- GOP bill for Trump's agenda would add $2.4 trillion to the debt over 10 years, budget office says NBC News
- What is the CBO? A look at the small office inflaming debate over Trump’s tax bill AP News
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