CBO: Trump 'Big Beautiful Bill Act' could add $2.4T to deficit, leave 11 million without health insurance
Share this @internewscast.com

The “One Big Beautiful Bill Act”—a comprehensive tax and immigration bill intended to support much of President Donald Trump’s agenda—could potentially increase the deficit by $2.4 trillion over the following decade, as per a new analysis released on Wednesday by the nonpartisan Congressional Budget Office.

The CBO provided updated projections on the legislation with the Senate as the focal point, where several Republican members are voicing concerns about the deficit and the impact on Medicaid.

The budget office is projecting 10.9 million more people will be uninsured in 2034 because of changes to health care.

According to the budget office, the bill is projected to reduce taxes by $3.7 trillion and decrease spending by $1.2 trillion. The CBO has yet to finalize an analysis regarding the macroeconomic consequences of the bill.

The White House preemptively defended the bill just before the CBO release, with deputy chief of staff Stephen Miller accusing the nonpartisan office of being “lefty” and touting the legislation as a “dream bill.”

House Majority Leader Steve Scalise slammed the CBO report at a press conference with Republican leadership on Wednesday morning, taking issue with it not recognizing potential economic growth, which it will do in a later, separate estimate.

“I get we have to play by the rules of the referee, but the referee is wrong. The referee is trying to sack our quarterback,” Scalise said.

The bill narrowly passed the House in May, but now some GOP members are signaling regret on their stamp of approval. Georgia Rep. Marjorie Taylor Greene, a staunch Trump ally, wrote in a social media post that she wasn’t aware of a provision related to AI regulations and that she would have voted against the bill had she known it was included. Greene called for the measure to be removed by the Senate.

Meanwhile, President Trump is set to meet with the Senate Finance Committee at the White House later Wednesday in his push to have the megabill passed.

The president’s lashed out at GOP senators who are threatening to complicate that, including Kentucky Sen. Rand Paul.

This is a developing story. Please check back for updates.

Copyright © 2025 by The Associated Press. All Rights Reserved.

Share this @internewscast.com
You May Also Like
Oliver Gibson, former NFL defensive lineman, dead at 53

Former NFL Defensive Lineman Oliver Gibson Passes Away at 53

Former NFL defensive tackle Oliver Gibson has died at the age of…
Illustration of a man cutting fish on a cutting board labeled "PM's Flagship Welfare Reforms".

Starmer’s Decision to Alter the Key Benefits Bill Shows Labour’s Rebels Are Leading the Charge

LIKE a fishmonger with a fresh kipper, the Prime Minister laid his…
'Trade Over Aid': Rubio Announces Plan to Deep Six USAID, 'Make Foreign Aid Great Again'

“Rubio Proposes Ending USAID in Favor of ‘Trade Not Aid’ Approach”

Since President Donald Trump assumed office in January, the United States Agency…

Speculation Grows About Girl’s Scary Fall from Disney Cruise Ship and Her Heroic Dad’s Rescue Dive

RUMORS and theories continue to swirl regarding how a little girl went…
Chicago traffic: 4th of July travelers to hit airports, roads Wednesday

Chicago Travel Alert: July 4th Holiday to Bring Crowds to Airports and Highways on Wednesday

CHICAGO (WLS) — Chicago airports were crowded Wednesday morning as people get…

Disney Dream Cruise Passengers Share Terrifying Incident of Girl and Father Going Overboard

PASSENGERS on a Disney Dream cruise ship recounted their shock following an…
Mugshot of Lucy Letby.

3 Senior Members of Hospital Leadership Arrested in Connection with Lucy Letby Case

COPS have arrested three people who were in senior leadership roles at…
American Airlines Douglas DC-4 airplane in flight over ocean.

Exploring the 1950 Plane Crash Where Remains Were Found Ashore for Days – Search Concluded Decades After

THE full story of a mysterious Michigan plane crash may never be…
South Carolina deputy shot and killed in ambush, sheriff says

Sheriff reports South Carolina deputy fatally shot in surprise attack

A South Carolina deputy, who completed field training just last week, was…
Here's how millions of people could lose health insurance if Trump's tax bill becomes law

Why Trump’s Tax Bill Could Cause Millions to Lose Health Insurance

WASHINGTON (AP) — Approximately 11.8 million adults and children could lose their…
Tearful Kim Jong Un seen mourning North Korean troops killed fighting for Russia in war against Ukraine

Emotional Kim Jong Un Mourns North Korean Soldiers Killed While Supporting Russia in Conflict with Ukraine

On Monday, state media broadcasted scenes of leader Kim Jong Un appearing…
Overgrown yard with a trampoline and stacks of bricks.

Father Claims He Built a ‘Bunker’ at Home to Protect His Silent Children, Aged 6 and 9, Found in Woods

THE FATHER of the “ghost children” who were discovered living in the…