CBO is estimated by a “beautiful, beautiful invoice” that Trump supports $ 2.3 million for deficit

The “Grand and Beautiful Bill” that Republicans aspire to Congress to progress through Congress to implement the president Donald Trump Tax cuts and spending reforms will add more than $ 2 trillion to a budget deficit over a decade, according to a recent analysis.

The Non -Partisan Congress Budget Office (CBO) released its first analysis of the Parliament’s version from the reconciliation package and estimation of the bill. Budget During the next contract after calculating some spending discounts in the package.

Most of the impact of the deficit from the extension of the tax cuts that was implemented in 2017 during the first period of Trump through the TCJA law. This tax law is scheduled to end at the end of 2025 and will raise many American tax bills next year if not extended. The extension of the low tax rates of TCJA increases the deficit by more than $ 2.1 trillion over a decade, while the extension of a higher standard discount adds $ 1.2 trillion during that period.

All of this, tax cuts and reforms in the package add approximately $ 3.8 trillion to the deficit over a decade – although spending discounts in other parts of the bill compensate some of this to reach the number of $ 2.3 trillion.

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Medicaid repairs Which leads to spending discounts that would reduce the budget deficit by about $ 988 billion over a decade, while the changes in federal nutrition programs reduce the deficit by about $ 294 million, according to the Central Bank of Oman.

The Trump administration and some Republicans in the Congress have led to an estimate Tax discounts It will stimulate economic activity and lead to more tax revenues than expected.

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An analysis by the non -party committee of the responsible federal budget (CRFB), at the estimate of the Central Bank of Oman, which includes some amendments made by the Republicans in the House of Representatives as well as the reactions of various provisions, found that the draft law will add $ 3.1 trillion to the deficit.

under Budget reconciliation The process, Congress can advance in legislation that affects taxes and spending by a simple majority in both rooms, bypassing the 60 -year legislative Philipter.

However, reconciliation rules require the draft law that does not raise a budget deficit until after the budget window for 10 years without the inclusion of displacement, so legislators often make certain temporary policies to reduce the impact of the long -term deficit.

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

The house passed the beautiful bill of bill on May 22nd a Tight 215-214 voting That has gone largely along the party lines.

This is sent the draft law to the Senate, which will consider changes in legislation before the possible vote in the coming weeks.

Republicans carry a narrow majority 53-47 in the upper room, which can represent challenges in passing this measure like Sens. Ron Johnson, R-Wis. , And Rand PaulR-ky. She criticized the bill for the impact of deficit.

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If the copy that was passed in the House of Representatives is revised from the draft law by the Senate, the draft law will have to return to the House of Representatives to vote for the other before it can go to the president’s office and become a law.