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CBO Predicts Trump's Tax Cuts and Jobs Act to Increase U.S. Deficit by $3.4 Trillion
2025-07-22 /
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Author：小编
According to the Congressional Budget Office (CBO), President Trump's Tax Cuts and Jobs Act is projected to swell the U.S. deficit by $3.4 trillion over the next decade. This legislation, which encompasses measures like Medicaid cuts, is anticipated to lead to millions of individuals losing their health insurance by 2034. Specifically, the Act is expected to decrease federal revenues by $4.5 trillion while reducing spending by $1.1 trillion.
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