06/04/2025

10.9 Million More People Projected to Lose Insurance in 2034 from GOP Tax Bill Cuts

The estimate comes from the Congressional Budget Office (CBO)

President Donald Trump's big bill making its way through Congress will cut taxes by $3.75 trillion but also will increase deficits by $2.4 trillion over the next decade, according to an analysis released Wednesday by the nonpartisan Congressional Budget Office (CBO).

The CBO also estimates an increase of 10.9 million people without health insurance under the bill by 2034, including 1.4 million who are in the United States without legal status in state-funded programs.

The package would reduce federal outlays, or spending, by nearly $1.3 trillion over that period, the budget office said.

Please select this link to read the complete article from The Associated Press.