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CBO Warns Trump Tax Bill Will Add $3.4 Trillion to Deficit and Leave 10 Million Uninsured by 2034

The “One Big Beautiful Bill” Act —a trillion-dollar, Trump-era tax-and-spending package that both extends tax cuts, creates new worker deductions, and makes sweeping cuts to health care and social safety net programs—passed both chambers of Congress in July 2025 and was promptly signed into law by the President. Just weeks later, the Congressional Budget Office… Continue reading CBO Warns Trump Tax Bill Will Add $3.4 Trillion to Deficit and Leave 10 Million Uninsured by 2034