CBO: “Big Beauty Bill” will add 2.77 trillion dollars to the contract

Non -partisan Congress Budget Office (CBO) has released a new dynamic analysis that it found that the “Great Big Law” of Republicans would raise a budget deficit by more than $ 300 billion, which was in its previous analysis, which was able to pay the deficit by $ 2.4 trillion over a decade.

The Central Bank of Oman found that the version that was passed in the House of Representatives of legislation will raise federalism Budget With a total of $ 2.77 trillion over the next decade using a dynamic analysis, it takes into account the impact of policies on the economy.

The clear deficit comes from revenue reduction of more than $ 3.5 trillion over a decade of time due to tax cuts, which exceeds spending cuts of $ 774 billion in that period under the advanced version of the home of the one beautiful bill.

CBO estimated that the increase in economic production would reduce the initial budget deficit by $ 85 billion during the next decade – although high interest rates along with a greater deficit would increase interest payments on the basic projection of the federal debt by $ 441 billion during that period.

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Useful interest rates Treasury notes for 10 years It is expected to rise at a rate of 14 basis points (a basis point is one of a hundred percentage points) during the next decade. The inflation will also increase by a small amount until 2030 due to the CBO foundation from January 2025.

CBO also estimated that the real GDP that removes Effects of inflation It will increase by an average of 0.5 % during the period 2025-2034.

In addition, CBO estimated that Low marginal tax rates On the income, it would increase the labor supply by 0.6 % over the next decade compared to the baseline earlier this year due to improved incentives. Other changes made by the draft law to Medicaid, Snap and Programs loans will increase the width of employment to a lower degree.

National debt follow: American tax motivated (you) is now on a hook for 36,214,669,844,058.55 as of 6/17/25

The dropping of the Central Bank of Oman is estimated that the percentage of American debt that the public maintains as a percentage of gross domestic product – a measure that economists use to compare the burden of the nation’s debts to The size of its economy It will increase by 7.1 percentage points for the current foundation to 124 % of GDP in 2034.

This includes additional number Debt service The costs caused by the largest national debt. The dynamic analysis created by the House of Representatives to use CBO does not include the costs of the conversable debt service through a higher deficit attributed to the bill, due to the presence of a long cost -cost conference.

However, the agency estimates that the total deficit will be 3.4 trillion dollars during the next decade when taking into account.

The Central Bank of Oman says that the budget deficit in the United States to expand the scope of the national debt to 156 % of GDP

Under the basis of the Central Bank of Oman, which was issued earlier this year, which does not take into account the legislation of the Republican Party, the budget deficit is expected to expand from about 6.2 % of GDP in 2025 to 7.3 % of GDP in 2055.

The Budget Control Authority is currently managing the budget deficit of about $ 1.9 trillion for the fiscal year 2025.

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the Estimating the previous cost of the CBO program For the so -called “Big Beauty Bill” using the fixed registration method that has found that the deficit will be 2.4 trillion dollars over the next ten years under the bill that was under study at home. This analysis did not include how the legislation will affect the economy on a wider scale.