GOP Tax Legislation to Increase Deficit by $3.4 Trillion and Reduce Health Coverage, CBO Reports
TL;DR Summary
The Congressional Budget Office reports that the GOP megabill will add $3.4 trillion to the deficit, reduce the uninsured by fewer people than initially estimated (10 million instead of 11.8 million), partly due to the removal of a policy affecting undocumented immigrants, and includes a new accounting tactic that shows a smaller deficit increase of $366 billion under certain assumptions.
- GOP megabill’s final score: $3.4T in red ink and 10 million kicked off health insurance, CBO says Politico
- Trump's 'big beautiful bill' will add $3.4 trillion to the debt, CBO says NBC News
- Trump’s Tax Law Will Add $3.4 Trillion to US Deficits, CBO Says Bloomberg.com
- Republican Senate tax bill would add $3.3 trillion to the US debt load, CBO says The Daily Progress
- Trump's megabill to add $3.4T to deficit, cut health coverage breakingthenews.net
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