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Home World USA

Trump budget bill would increase deficit by $2.4 trillion with 10.9 million more uninsured by 2034, CBO says

4 June 2025
in USA
Trump budget bill would increase deficit by .4 trillion with 10.9 million more uninsured by 2034, CBO says
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Summary

Republicans’ policy bill, aimed at advancing President Trump’s agenda, is projected to increase the deficit by $2.4 trillion over the next decade, with 10.9 million more people uninsured by 2034 due to Medicaid and Affordable Care Act cuts. The House bill proposes $1.5 trillion in spending cuts to offset nearly $3.7 trillion in tax cuts while raising the debt ceiling by $4 trillion, though critics argue it will lead to 7.8 million fewer Medicaid enrollees. House Republican leaders dispute these findings, asserting that economic growth will counteract the projected deficit increase.

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Tags: BillbudgetCBODeficitincreaseMillionTrillionTrumpUninsured
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