The Republican-led tax and spending bill, which has garnered support from Donald Trump, is projected to leave 10.9 million individuals without health coverage based on CBO calculations. The bill, passed in the House by a single vote, is criticized for its financial implications, including a $3.67 trillion revenue loss and a $2.42 trillion increase in the deficit over 10 years. Notably, even Elon Musk voiced opposition, calling it a "disgusting abomination." The CBO's report also indicates potential reductions in food assistance and significant cuts to Medicaid and Medicare.
The tax and spending bill pushed by Republicans, supported by Trump, could result in 10.9 million people losing health coverage, according to the CBO.
CBO's updated figures suggest a $3.67 trillion revenue loss over 10 years while implementing spending cuts around $1.25 trillion, increasing the deficit by $2.42 trillion.
Elon Musk criticized the bill, calling it a 'disgusting abomination' and highlighting widespread discontent regarding the implications of the legislation.
The CBO reports indicate that the changes could lead to about 1.4 million individuals losing coverage under state-funded programs due to new restrictions.
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