Trump’s ‘Big, Beautiful Bill’ could add $3 trillion to national debt, CBO says

The Bill of President Donald Trump is expected to increase the “big and beautiful bill” by $ 3 trillion, with interest, or $ 5 trillion if it is presented, according to estimates.

The estimation of the draft law passed in the House of Representatives by the CBO budget budget office (CBO), will add more than $ 2.4 trillion to pre -interest in primary deficit over a period of 10 years, according to the CRFB federal budget (CRFB), a general non -profit policy organization.

As of Wednesday, the national debt, which measures the condemnation of the United States, was 36.2 trillion dollars, and the national deficit, which occurs when the federal government spending its revenues exceeded $ 1 trillion, according to the Treasury Department.

The huge spending package seen by the conference, which is controlled by Republicans, aims to address a number of issues, including tax policy, border security, migration, defense, energy production, unit, Snap and medicaid modifications.

Trump’s “major and beautiful draft law” faces resistance from Republican Senators due to debt concerns

A CRFB statement said: “At the estimate of CBO, the bill that was passed by the home includes about $ 5.3 trillion of tax discounts and spending partially met by $ 2.9 trillion of revenues and spending discounts.” “More importantly, the policies offered by the Roads and means of the means will increase the deficit of $ 3.8 trillion, on the network, while the policies in the energy and trade title will reduce the deficit by 1.1 trillion dollars. With interest, the draft law will add approximately $ 3.0 trillion to debt to 2034 – or $ 5.0 trillion if different temporary procedures are made.”

The group said: “OBBA (the law of a great beautiful bill) will add a lot to the debt as it is written and may lead to much more financial damage than it has been reported if the temporary provisions are extended as intended.”

She pointed out that the draft law will enhance inflation in the short term, increase interest rates, and add unnecessary complexity to the tax law, as well as weakening market confidence and long -term economic growth.

The Senate urged to make the bill “more responsibility.”

The price of the brand is increased to the Republican Party’s tax package at home to $ 3.94

Senator Rand Paul, RCK, said on Monday that he is still opposing the “big and beautiful draft law” of President Donald Trump despite discussions with him. (Getty Images)

Despite the draft law in the House of Representatives, some legislators expressed their opposition to legislation, most notably Senator Rand Paul, R-Ky.

“We did not raise the debt ceiling without actually throwing this goal,” Paul told reporters this week. “So you can say that it does not add directly to the debt, but if you increase the ceiling 5 trillion dollars, you will fulfill this. What it does is to put it outside the rear stove. We will not discuss it for a year or two.”

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Senior Democrats recently said that the draft law will lead to the death of an estimated 51,000 Americans due to changes in the Federal Health Care system and wider reconciliation legislation. Also against the draft law is Elon Musk, former Trump president of the Ministry of Government efficiency.

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