The House-passed budget reconciliation bill would increase deficits by $2.4 trillion over a decade and ultimately result in nearly 11 million individuals losing access to health insurance, the Congressional Budget Office said Wednesday.
The new numbers are largely in line with preliminary estimates but nonetheless could complicate the path forward for President Donald Trump’s “big, beautiful” budget package, which is undergoing a thorough Senate review this week. Democrats were quick to jump on the CBO score.
“Even after the biggest cuts to health care and food assistance in U.S. history, the Republican bill for billionaires would still add a historic amount to our debt — all to give the ultra-rich more tax breaks,” House Budget ranking member Brendan F. Boyle, D-Pa., said in a statement.
