CBO: Trump’s “Big Beautiful Bill” would add $2.4 trillion to deficit, leave 10.9M uninsured

The Congressional Budget Office says Trump’s tax-slash megabill will balloon the federal deficit by $2.4 trillion over 10 years—and leave nearly 11 million more Americans without health insurance, largely due to cuts in Medicaid and tighter eligibility rules.

Donald Trump’s so-called “One Big Beautiful Bill” may be beautiful to some, but the Congressional Budget Office (CBO) just dropped a brutal forecast: if passed, the sweeping legislation would add $2.4 trillion to the federal deficit over the next decade.

The bill proposes $3.67 trillion in tax cuts—mostly benefiting corporations and the wealthy—while attempting to offset it with $1.25 trillion in spending reductions. That still leaves a $2.4 trillion shortfall, and critics are already sharpening their knives.

The CBO didn’t just stop at the fiscal fallout. It also projected a staggering rise in uninsured Americans—an estimated 10.9 million more people without coverage by 2034. The key culprit? Massive Medicaid cuts, alongside new work requirements that would force low-income recipients off the rolls.

Among the hardest hit: over 1.4 million undocumented immigrants, many of whom are covered under state-funded plans that would lose federal support.

Billionaire Elon Musk didn’t hold back, calling the bill “a disgusting abomination” that undercuts clean energy and bloats the debt. Even some Republican senators are getting cold feet—objecting to slashed Medicaid funding and the scrapping of green energy tax breaks that once enjoyed bipartisan support.

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