Previous estimates suggested that the massive spending bill would add $2.4 trillion to the national deficit over the next 10 years, but a “dynamic” estimate published Tuesday takes into account how the legislation would affect the U.S. economy—and things got even more dire. The CBO projected that an increase in economic output would decrease the primary deficit by $85 billion over the 2025–2034 period, while also significantly boosting interest rates, which would push the federal debt to a whopping $441 billion. Despite previous damning reports, MAGA Republicans backing the bill have continued to claim that the CBO is biased, rather than make any concessions, and have claimed that the CBO’s evaluations of the legislation’s cost don’t take the revenue from Trump’s sweeping global tariffs into effect.
Author: Edith Olmsted
Published at: 2025-06-17 22:07:36
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