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

  • The Congressional Budget Office reported on June 4, 2025, that President Trump's House-passed budget bill would add $2.4 trillion to the deficit and leave nearly 11 million Americans uninsured over ten years.
  • The bill includes sweeping Medicaid cuts, ending key subsidies, and imposing work requirements that drive coverage losses, leading to widespread concerns across both parties as it awaits Senate review.
  • Republicans argue the legislation targets fraud and abuse and preserves Medicaid for vulnerable groups, while Democrats and experts warn it will increase premiums, reduce access, and harm hospitals financially.
  • CBO projects 10.9 million more uninsured by 2034, a 12.2% premium decrease from Medicaid and ACA cuts, and $344 billion in federal spending reductions tied mainly to work requirements and eligibility screenings.
  • The bill's future remains uncertain due to Senate opposition, narrow GOP majority, and strong bipartisan criticism, with potential revisions and delayed effects on public health and hospital financial stability possible.
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  • 43% of the sources lean Left, 43% of the sources are Center
43% Center
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Axios broke the news in Washington, United States on Friday, May 30, 2025.
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