(The Center Square) – As debate over the “One Big, Beautiful Bill” ramps up in the U.S. Senate, Congress’ nonpartisan scorekeeper projects that the GOP’s expansive tax cut and spending package would boost U.S. deficits by $3.3 trillion over the next decade.
The Congressional Budget Office’s score estimates that Senate changes to the House of Representatives’ legislation would add an additional $800 billion to the national debt.
CBO previously projected that the bill passed through the House last month would add $2.4 trillion to the U.S. debt over 10 years. They updated this number to $2.8 trillion when considering the economic impact of the bill.
The new analysis also estimates that 11.8 million Americans would lose healthcare coverage under Medicaid in the next decade if the Senate’s…
