Guno צְבִי
We fight, We win, Am Yisrael Chai
Congress’ nonpartisan scorekeeper released its final prediction Monday for how President Donald Trump’s signature legislative achievement will grow the national debt and affect U.S. households.
Over the next decade, the megabill Trump signed on July 4 would increase the federal deficit by $3.4 trillion and cause 10 million people to lose health insurance, the Congressional Budget Office forecasts. While the newly enacted legislation would save more than $1 trillion by cutting federal spending on health care — with the majority coming from Medicaid — CBO predicts that the package’s costs will far outweigh its savings.
The bulk of the red ink from the package comes from the GOP’s permanent extension of Trump’s 2017 tax cuts.
news.yahoo.com
Over the next decade, the megabill Trump signed on July 4 would increase the federal deficit by $3.4 trillion and cause 10 million people to lose health insurance, the Congressional Budget Office forecasts. While the newly enacted legislation would save more than $1 trillion by cutting federal spending on health care — with the majority coming from Medicaid — CBO predicts that the package’s costs will far outweigh its savings.
The bulk of the red ink from the package comes from the GOP’s permanent extension of Trump’s 2017 tax cuts.
GOP megabill’s final score: $3.4T in red ink and 10 million kicked off health insurance, CBO says
The package President Donald Trump signed on July 4 would grow the deficit over the next 10 years, Congress’ nonpartisan scorekeeper predicts.