GOP megabill's final score: $3.4T in red ink and 10 million kicked off health insurance, CBO says

[Yo_Mama_Been_Loggin]

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. The analysis finds that the Senate Finance Committee, which has jurisdiction over tax policy, enacted policies that would decrease the incoming federal cash flow from taxes by a total of $4.5 trillion. That sum includes the cost of tax cuts Republicans added during Senate floor debate of the package.

CBO’s new uninsured figure is below itsprior estimate of 11.8 million people. The agency said it will offer details on the differences in the coming weeks, but one source of the reduction is removal of a policy in the final version of the megabill that would have led to an estimated 1.4 million undocumented immigrants losing coverage.

https://www.yahoo.com/news/gop-megabill-final-score-3-183234614.html

Which goes to show the GOP are not fiscal conservatives.

[vapor2]

1. they must be so proud of themselves

[enough]

2. That's an excellent headline -- sums it up starkly.

A great talking point or shouting point.

[rampartd]

3. rosy scenario, as always

they act as if economics does not exist

[pansypoo53219]

4. GOP- credit card party or layaway?

or deficit party.

[Martin68]

5. Well.....duh!

[DallasNE]

6. What Is This Article Telling Me?

Let's focus on just the $3.4T statement. It says the bill "would increase the federal deficit by $3.4 trillion" and that is over 10 years, so $340B for 2026. But the 2025 deficit is far more than $340B. I think what they mean to say is that the bill will add an additional $3.4T to the federal deficit over what the expiring spending levels would be. If the deficit is $1.700T per year now then with this bill it will increase to $2.040T for 2026. The statement as written is confusing because it is loaded with assumptions that the reader is not made aware of.

[aggiesal]

7. Since yahoo.com is referencing a Politico story, here is a link to that Politico story ...

https://www.politico.com/news/2025/07/21/gop-megabills-final-score-3-4t-in-red-ink-and-10-million-kicked-off-health-insurance-cbo-says-00465546

The package President Donald Trump signed on July 4 would grow the deficit over the next 10 years, Congress’ nonpartisan scorekeeper predicts.

House Speaker Mike Johnson (R-La.) and House Majority Leader Steve Scalise (R-La.) react as they arrive for a signing ceremony for a budget reconciliation bill for President Donald Trump's legislative agenda at the U.S. Capitol, on July 3, 2025. | Francis Chung/POLITICO

[Evolve Dammit]

8. "Heckuva Job." Domestic terrorists.

[Beartracks]

9. Are we great yet?

I bet Putin's reaction is, "Great!"

================

[lame54]

10. You mean "Great start"

[calimary]

12. This definitely does grate.

[travelingthrulife]

11. This doesn't even consider all the damage done by DOGE which will need to be

rebuilt at great cost.

[Wiz Imp]

13. Incorrect terminology. The CBO estimates it will add $3.4 trillion to the NATIONAL DEBT

not the deficit. Everyone should keep in mind that even that number is a very conservative estimate.

https://www.crfb.org/blogs/whats-one-big-beautiful-bill-act
The Committee for a Responsible Federal Budget estimates it will add at least $5.5 trillion to the national debt.

https://www.brookings.edu/articles/donald-trumps-tax-plan-could-land-america-10-trillion-deeper-in-debt/
https://time.com/7299966/budget-bill-adds-to-national-debt/
The Brookings Institute estimates it will add between $10 & $12 trillion to the debt.