CBO says Trump's tax bill will add $2.4T to deficit, leave 11 million uninsured over a decade

CBO confirms one big, beautiful bill is a $1.2 trillion spending cut

The Congressional Budget Office released an analysis of the House-passed One Big Beautiful Bill Act in early June. The report found that, compared to current law, the legislation would decrease tax revenues by $3.6 trillion, decrease spending by $1.2 trillion, and thus increase deficits by $2.4 trillion over the next 10 years. The report also found that the legislation would increase the number of people without health insurance by more than 9 m…

CBO Says “Big Beautiful Bill” Would End Health Coverage for 11 Million, Add $2.4 Trillion to Debt

The Congressional Budget Office reported Wednesday that President Trump’s sprawling domestic policy bill, the One Big Beautiful Bill Act, would add $2.4 trillion to the national debt over the next decade. The CBO projects nearly 11 million people will lose health insurance if the proposal becomes law.

Will megabill make deficits snowball? Capito says economic growth will more than counter that

The Congressional Budget Office projects that President Trump's "One Big beautiful Bill" will increase federal deficits by about $2.4 trillion over the next ten years.

ND, MN GOP congressional members respond to report on “Big Beautiful Bill” increasing national debt

Below: Republican Minnesota Congresswoman Michelle Fischbach talking about the Congressional Budget Office’s estimate on “The Big Beautiful Bill Act” with Scott Hennen. [audio mp3="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/2329/2025/06/05092828/fischbach-on-cbo.mp3"]   WASHINGTON – Republican lawmakers from North Dakota and Minnesota, who include Senator John Hoeven, Congresswoman Julie Fedorchak and Congresswoman Michelle Fi…

Trump tax bill could add $2.4T to deficit, leave 10.9M more people uninsured

Over the next decade, the bill would cut taxes by $3.75 trillion, according to the nonpartisan Congressional Budget Office. The president wants the bill on his desk by July 4.

Citadel’s Ken Griffin Slams Trump’s Tax Bill, Tariffs And Attacks On CEOs: ‘Shame On The Administration’

The hedge fund billionaire, who voted for Trump, said the Republicans’ “Big Beautiful Bill” “will unquestionably add several trillion dollars” to the federal budget deficit.