Senate tax bill would add $3.3 trillion to the U.S. debt load, CBO says

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The changes made to President Trump’s big tax bill in the Senate would pile trillions onto the nation’s debt load while resulting in even steeper losses in healthcare coverage, the nonpartisan Congressional Budget Office said in a new analysis, adding to the challenges for Republicans as they try to muscle the bill to passage.

The CBO estimates that the Senate bill would increase the deficit by nearly $3.3 trillion from 2025 to 2034, a nearly $1-trillion increase from the House-passed bill, which the CBO has projected would add $2.4 to the debt over a decade.

The analysis also found that 11.8 million more Americans would become uninsured by 2034 if the bill became law, an increase over the estimate for the House-passed version of the bill, which predicts that 10.9 million more people would be without health coverage.

The stark numbers are yet another obstacle for Republican leaders as they labor to pass Trump’s…

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