US EditionCBO says Trump's tax bill will add $2.4T to deficit, leave 11 million uninsured over a decade
- President Donald Trump met with Senate Finance Committee members at the White House on Wednesday to push his 'One Big Beautiful Bill' tax and immigration legislation.
- The legislation seeks to prolong existing tax incentives and support key initiatives but is met with resistance due to estimates that it will increase the federal deficit by $2.4 trillion and result in 10.9 million more Americans lacking health insurance.
- The bill includes roughly $3.7 trillion in tax cuts partially offset by $1.3 trillion in spending cuts mostly targeting Medicaid and food assistance, with some Republicans expressing concerns about these changes.
- Stephen Miller called it a 'dream bill' while critics like Senator Rand Paul labeled the debt increase a 'huge mistake' and Elon Musk described the bill as a 'disgusting abomination'.
- The bill now faces a difficult path through the Senate, where Republicans have a slim majority and some senators seek revisions, with passage possible by July 4 but uncertain due to growing dissent.
66 Articles
66 Articles
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.
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…
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.
CBO says Trump’s “One Big Beautiful Bill” could inflate deficit by $2.4 Trillion
According to a new report from the Congressional Budget Office (CBO), the major legislative package backed by President Trump known as the “One Big Beautiful Bill Act” could increase the federal deficit by $2.4 trillion over the next decade. The updated estimate slightly exceeds the CBO’s earlier projection of $2.3 trillion in additional debt tied to a previous version of the bill. The CBO published its latest projections on Wednesday, just as …
Coverage Details
Bias Distribution
- 43% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
