The Congressional Budget Office (CBO) has released a harsh analysis of Trumps’ “One Big Beautiful Bill Act,” showing that it is expected to add $3.8 trillion to the federal deficit over the next ten years. This problem is made worse by an extra $1 trillion in spending cuts that target important social programs.
Per MSNBC, The CBO’s report gives a clear and troubling picture of how the bill affects different groups: the richest Americans will gain more household resources, while the poorest households will lose resources, with a 2% drop in the short term and a 4% drop by 2033.
