President Trump's tax bill, proposed to cut taxes by $3.75 trillion, has raised concerns as analysis reveals it could increase the national deficit by $2.4 trillion over the next decade. Additionally, the Congressional Budget Office warns of a rise in the uninsured population by 10.9 million by 2034. Opposition from Democrats highlighted the perceived double standard in fiscal responsibility between parties. Criticism was also directed at the CBO's credibility, as the White House and Republicans attempted to cast doubt on its findings, calling it historically flawed.
President Trump's proposed tax cut bill could lead to a deficit soar of $2.4 trillion, increasing the number of uninsured by nearly 11 million by 2034.
Rep. Brendan Boyle criticized the bill, remarking on Republicans' hypocrisy regarding deficits during Democratic leadership compared to when they are in power.
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