Tag: Trump’s big beautiful bill

CBO Now Says Trump’s Megabill Will Add $4.1 Trillion to Deficit

Buck Banks

$4.1 trillion

“Interest rates will be higher over the next decade because of the GOP’s megabill and drive up borrowing costs even for the federal government, Congress’ nonpartisan scorekeeper predicts in a new report released Monday,” Politico reports. “In a final “dynamic” analysis of the bill President Donald Trump signed into law on July 4, the Congressional Budget Office estimated the measure will increase the federal deficit by $4.1 trillion over a decade.”

Musk Threatens Third Party If Trump’s BBB Passes

Buck Banks

“If this insane spending bill passes, the America Party will be formed the next day. Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a voice. … Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame! And they will lose their primary next year if it is the last thing I do on this Earth.”

— Elon Musk, on X.

CBO: Trump’s ‘Big, Beautiful Bill’ Would Add $3.3 Trillion to Deficit

Buck Banks

$3.3 trillion

The CBO estimates that the Republican reconciliation bill that the Senate is considering will increase the deficit by nearly $3.3 trillion between 2025 to 2034, Bloomberg reports.Punchbowl News says Senate Republicans and the White House reject the CBO estimate as inaccurate. The White House estimates it will cut the deficit by $4.9 trillion over the next decade.