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Republican Senate tax bill would add $3.3 trillion to the US debt load, CBO says (apnews.com)

submitted 1 month ago* (last edited 1 month ago) by BrikoX@lemmy.zip to c/usa@midwest.social

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The changes made to President Donald Trump’s big tax bill in the Senate would pile trillions onto the nation’s debt load while resulting in even steeper losses in health care coverage, the nonpartisan Congressional Budget Office said in a new analysis, adding to the challenges for Republicans as they try to muscle the bill to passage.

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[–] KnitWit@lemmy.world 13 points 1 month ago

Trillions more to the debt, with increased taxes to pay, for less services received. Great job all around.