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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Trump's Tax-Cut Bill Would Leave 11M More People Uninsured in 10 Years, Bump Federal Deficit by $2.4T

Donald Trump's proposed tax cut bill passed the House last month. (Credit: Via Pinterest)

US President Donald Trump's 'big, beautiful bill' cleared the House last month and is now in the Senate.

According to the Congressional Budget Office estimates, the bill, if passed, would trim federal spending by £957.68 trillion ($1.3 trillion) by 2034. It would also lead to tax cuts of £2.76 trillion ($3.75 trillion) and add £1.76 trillion ($2.4 trillion) to the federal deficit in the same period.

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