Senate Tax Bill Raises Debt, Uninsured Projections

The Congressional Budget Office (CBO) projects that the Senate version of President Donald Trump’s major tax and spending bill would add at least $3.3 trillion to the national debt over the next decade, exceeding the House-passed version’s impact. The CBO also estimates that the bill could leave 11.8 million more Americans uninsured by 2034, higher than the House's figure of 10.9 million. The legislation seeks to make permanent many 2017 Trump tax cuts and includes spending cuts and other priorities, sparking divisions among Republicans over its fiscal consequences. The bill narrowly advanced in the Senate with a 51-49 vote, but its ultimate passage remains uncertain due to ongoing debates. Critics from both parties have questioned the CBO's analysis and accused leaders of manipulating budget baselines to mask the bill's true cost. Congress faces deep partisan and intra-party tensions as it works to meet Trump’s July 4 deadline for passage.