A recent CBO analysis reveals that a Republican bill supporting Trump's domestic agenda could add $2.4 trillion to the national debt over the next decade while likely leading to millions losing health insurance. Despite GOP assertions that tax cuts are offset by cuts in spending and expected economic growth, the analysis undermines these claims. With the Senate poised to amend the bill, there are rising concerns regarding its costs, highlighted by criticisms from notable figures like Elon Musk. Senate GOP leaders assert that changes will promote growth and ensure the bill's success.
The sweeping Republican bill, aimed at enacting core elements of Trump's domestic policy, is projected to add $2.4 trillion to the national debt over the next decade.
The Congressional Budget Office analysis contradicts GOP claims that offsetting spending cuts and future economic growth will mitigate the trillions set aside for tax cuts.
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