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• Trump tax bill will add $2.4 trillion to the deficit and leave 10.9 million more uninsured, CBO says

  June 4, 2025 3:23 PM

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