US EditionTrump's 'big beautiful bill' is projected to add $3.4 trillion to the debt, budget office says
UNITED STATES, JUL 21 – The Congressional Budget Office projects the 2025 tax law will increase the federal deficit by $3.4 trillion and cause 10 million more Americans to lose health insurance by 2034.
- On July 4, President Donald Trump signed the One Big Beautiful Bill Act, which the CBO says will add $3.4 trillion to the debt by 2034.
- Amid looming tax hikes, Republican leaders said the 887-page package extends Trump's 2017 tax cuts while adding deductions for tips and overtime.
- According to the CBO, the law will increase the number of uninsured Americans by 10 million by 2034.
- House Speaker Mike Johnson said `No concerns at all. In fact, it’s going to gain seats for us,` and Senate Democratic Leader Chuck Schumer declared `This finalized independent analysis from the CBO confirms it: Republicans' signature bill is the ultimate betrayal of the American people.`
- Under the work requirements slated for early 2027, Medicaid expansion recipients will need to prove 80 hours of work monthly to access coverage, and local and state agencies can start applying for reimbursements now.
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172 Articles
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More than 100 million Americans are obese, 38 million are diabetic, 116 million are hypertensive, and 26 million suffer from asthma. Whether or not you’re among the 60 percent of Americans whose medical chart lists a chronic illness, everyone suffers from them: They keep people out of work and in pain and contribute to skyrocketing healthcare bills that come out of the country’s coffers and yours. Most importantly, they shatter families whose lo…
CBO says Trump tax law runs up deficit by $3.4 trillion, throws 10 million off health insurance
President Donald Trump holds up the "One Big Beautiful Bill Act" that was signed into law during an Independence Day military family picnic on the South Lawn of the White House on July 4, 2025 in Washington, D.C. (Photo by Alex Brandon - Pool/Getty Images)WASHINGTON — Republicans’ “big, beautiful” law will add $3.394 trillion to deficits during the next decade and lead 10 million people to lose access to health insurance, according to an analys…
Trump tax law runs up deficit by $3.4T, throws 10 million off health insurance, CBO says • Idaho Capital Sun
President Donald Trump holds up the "One Big Beautiful Bill Act" that was signed into law during an Independence Day military family picnic on the South Lawn of the White House on July 4, 2025 in Washington, D.C. (Photo by Alex Brandon - Pool/Getty Images)WASHINGTON — Republicans’ “big, beautiful” law will add $3.394 trillion to deficits during the next decade and lead 10 million people to lose access to health insurance, according to an analys…
CBO: Trump Law Will Add $3.4 Trillion to Deficit, Boot 10 Million Off Health Insurance
The Congressional Budget Office estimated that the Republican megabill signed into law by U.S. President Donald Trump will add $3.4 trillion to the national deficit and cause at least 10 million people to lose health insurance over the next decade.
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