A sweeping House Republican bill aligned with Donald Trump‘s second-term agenda would raise the federal deficit by $2.4 trillion over the next decade, according to the Congressional Budget Office. The “big, beautiful bill” includes nearly $3.7 trillion in tax cuts and $1.2 trillion in spending reductions.
The CBO estimates that 10.9 million more Americans would be uninsured by 2034. That figure includes 7.8 million fewer Medicaid enrollees due to tightened eligibility and new work requirements, and another 1.3 million losing coverage from changes to the Affordable Care Act. An additional 1.4 million would lose state-funded coverage due to immigration status verification requirements.
Republicans maintain the bill targets “waste, fraud, and abuse” and argue the CBO overlooks projected economic growth. “[This bill] will actually reduce the deficit if you recognize the historical economic growth,” said House Majority Leader Steve Scalise.
Now before the Senate, the legislation may be amended before returning to the House.
Source(s)
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CBS News – MBFC Rating
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