Massive Tax and Immigration Bill Could Add Trillions to Deficit, Leave Millions Uninsured

The "One Big Beautiful Bill Act" introduced by Republicans in Congress is projected to add \$2.4 trillion to the national deficit over the next 10 years, according to a new analysis by the nonpartisan Congressional Budget Office (CBO). This analysis also forecasts that approximately 10.9 million more Americans will lack health insurance in 2034 due to changes in healthcare provisions within the bill. The CBO's report details how the bill's extension of Trump-era tax cuts and cuts to federal spending contribute to this projected deficit increase. A spokesperson for the House Republicans stated that the goal was to reduce federal spending by \$1.5 trillion, but the CBO's analysis indicates the bill falls short of this target. The potential impact on healthcare access is a significant concern, as millions could lose coverage. This legislation is a key development in the ongoing debate over the nation's fiscal policy and healthcare system.