US EditionCBO says Trump's tax bill will add $2.4T to deficit, leave 11 million uninsured over a decade
- On Wednesday, the Congressional Budget Office reported that the budget reconciliation legislation approved by the House is projected to add $2.4 trillion to the deficit over the next ten years and result in nearly 11 million people losing their health insurance coverage.
- The bill includes about $1.2 trillion in cuts to Medicaid and exchange subsidies, lapsing expanded subsidies at year-end and imposing stricter eligibility rules including for undocumented immigrants.
- Experts warn the legislation would reduce provider revenue by over $770 billion, increase uncompensated care, and strain hospitals, especially safety-net and rural providers.
- Senators Ron Johnson expressed on CNBC that it is wrong for older generations to burden younger ones, while Sen. Rand Paul criticized the proposal, describing the addition of $5 trillion in debt as a serious error.
- With the bill now under Senate review, Republican leaders aim to finalize it by July 4, though some senators express hesitation, and the measure faces strong Democratic opposition.
112 Articles
112 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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