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Trump’s ‘big, beautiful bill’ will lead to Medicare cuts: CBO

  • The U.S. House passed President Donald Trump's 1,116-page One Big Beautiful Bill Act, which now advances to the Senate for consideration.
  • The bill aims to make the 2017 Tax Cuts and Jobs Act permanent while introducing additional tax relief measures benefiting households, employees, retirees, and businesses, though it has sparked debate regarding its long-term budgetary consequences.
  • From 2025 through 2028, the bill removes federal income tax obligations on earnings from tips and overtime hours, increases the Child Tax Credit to $2,500 per child during this timeframe, and provides seniors over 65 with a $4,000 tax deduction.
  • The Congressional Budget Office estimates the bill could add $3 trillion to $3.8 trillion to the national debt and cause 8.6 million to 10 million Americans to lose health insurance due to Medicaid changes.
  • Opposition from fiscal conservatives and Democrats centers on deficit increases and program cuts, while supporters argue economic growth and budget reconciliation may reduce fiscal concerns.
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The Washington Post broke the news in on Wednesday, May 21, 2025.
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