Trump tax law runs up deficit by $3.4T, throws 10 million off health insurance, CBO says
WASHINGTON - Republicans' "big, beautiful" law will add $3.394 trillion to deficits during the next decade and lead 10 million people to lose access to health insurance, according to an analysis released Monday by the nonpartisan Congressional Budget Office. The updated assessment of the sweeping tax and spending cuts law came weeks after nearly every GOP lawmaker voted to approve the legislation ahead of a self-imposed Fourth of July deadline. The