β€œThe bill is expected to cut $1.3 trillion in spending, but also cut $3.7 trillion in total revenue, leading to the massive deficit. (The report also estimates that 10.9 million people will lose their health care by 2034 because of cuts to Medicare and the Affordable Care Act.)” 🀬

#Politics #USPolitics #FederalBudget #CongressionalBudgetOffice #TrumpsBigUglyBill #TrumpTaxCutsForTheRich #TrumpDeficit #TrumpMedicareCuts #Healthcare #MedicareMassacre #AffordableCareAct

https://newrepublic.com/post/196112/trump-budget-bill-deficit-cbo-estimate

Trump’s Big Beautiful Bill Adds Trillions to the Deficit, CBO Says

The Congressional Budget Office has just poured fuel over the Republican fight on the budget.

The New Republic