US EditionCBO says Trump's tax bill will add $2.4T to deficit, leave 11 million uninsured over a decade
- On Wednesday, the nonpartisan Congressional Budget Office reported that the budget plan passed by the House is projected to add $2.4 trillion to the national deficit and result in nearly 11 million people losing their health insurance by 2034.
- This outcome is primarily driven by $1.2 trillion in reductions affecting Medicaid and eligibility for insurance marketplace subsidies, including the elimination of expanded subsidies and the introduction of new requirements related to work and citizenship.
- Republicans say the cuts target fraud and undocumented immigrants, while Democrats argue the bill benefits the wealthy and threatens health coverage for millions.
- Speaker Mike Johnson called the CBO projections 'off every single time' and said the bill would reduce the deficit, while Trump dismissed the analysis as 'ridiculous and unpatriotic.'
- If enacted, the bill could increase uncompensated care, strain hospitals, and complicate Senate approval, indicating significant consequences for healthcare access and federal finances.
111 Articles
111 Articles
Kate Bolduan asks a top Trump official about Republicans criticizing Trump’s sweeping bill
Office of Management and Budget Director Russell Vought speaks with CNN’s Kate Bolduan about Republicans criticizing Trump’s massive tax and domestic policy bill, which the Congressional Budget Office estimates would add $2.4 trillion to the deficit over the next decade.
What's the CBO? Meet the nonpartisan agency under fire from Republicans.
Top Republicans, including President Trump, are criticizing the nonpartisan Congressional Budget Office over its assessment that GOP's signature policy bill could add $2.4 trillion to the deficit.
Marin Independent Journal
How many in California and the Bay Area could be affected by Affordable Care Act changes?
Nearly 2 million people are enrolled in Covered California, the state’s version of the federal Patient Protection and Affordable Care Act health insurance, also known as Obamacare after the former president who approved the program in 2010. That includes more than 360,000 enrollees in the Bay Area. They could be impacted by the major policy bill that President Trump has urged Republican lawmakers to approve. The Congressional Budget Office repor…
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