CBO Warns Trump Bill Adds $2.4T Deficit, Expands Uninsured

President Donald Trump's signature tax and spending legislation, known as the 'Big Beautiful Bill,' faces intense scrutiny due to its projected fiscal and social impacts. The nonpartisan Congressional Budget Office (CBO) estimates that the bill would reduce taxes by $3.7 trillion but increase the deficit by $2.4 trillion over ten years, while also causing 10.9 million Americans to lose health insurance and reducing access to food stamps for millions. Trump administration officials, including White House OMB Director Russell Vought, dispute these figures, claiming the bill would reduce deficits by $1.4 trillion when adjusted for baseline assumptions and includes historic mandatory savings. Critics, including Elon Musk and various commentators, warn that the bill disproportionately benefits the wealthiest Americans at the expense of the poor, potentially destabilizing the economy and worsening inequality. The bill's prospects in the Senate appear uncertain, with significant opposition and skepticism about passing it in its current form. The debate highlights broader partisan disagreements over fiscal policy, economic growth assumptions, and social welfare priorities under President Trump's agenda.