Donald Trump’s “beautiful bill” will lead to 2.4 trillion dollars, and warned the International Financial Energy Agency.

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Your guide to what the second period of Trump means to Washington, business and the world

The prominent Donald Trump Tax Bill will add $ 2.4 trillion to the debts of the United States by 2034, and the Congress Control Authority has warned, in the most recent blow to the president as it seeks to pay the legislation via the Senate.

The Congress Budget Office said on Wednesday that the legislation – which was called the “Great Great Bill” by Trump – will extend the budget deficit, despite the administration’s insistence that it will lead to a surplus.

The non -partisan estimate comes a day after the billionaire supporter Trump Illon Musk attacks the bill as “Confused abominationOn the pretext that it will back down from a lot of work to reduce the costs of the so -called government efficiency.

The increasing US debt load caused Wall Street warning. The treasury bond market grew from about 5 meters in 2008 to $ 29 million today, as the government reduced taxes with increased spending.

Jimmy Damon, CEO of JPMorgan Chase, warned last week that the bond market “break” If the country does not get a more sustainable path.

The draft law aims to extend the overwhelming tax cuts that the president introduced in 2017 while reducing green incentives and cutting social programs, including Medicaid, which provides health care for low -income Americans and disabled. It also raises the roof of the debt, or limits government borrowing, by 5 Americans.

The Central Bank of Oman said on Wednesday that the legislation will reduce tax revenues by $ 3.75 trillion, with an increase in the number of people who do not have health insurance by 10.9 million.

The draft law approved the deputies of the American actors who were controlled by Republicans last month. He is facing an arduous battle in the Senate, where many Republican financial conservatives expressed their concerns about the size of the bill, and others raised warning bells about discounts to medicaid.

Trump insisted that Congress passes the legislation and sent to his office to be registered in the law by July 4.

The President’s Republican Party controls the Senate with a margin of 53-47, which means that it can only lose the support of three Senate members if the draft law is to pass the Supreme Congress Chamber by a simple majority.

The Trump administration has insisted that the draft law will lead to an increase in economic growth and customs tariff revenues, which have not been reflected in the estimates of its financial impact. The CBO analysis on Wednesday does not include the effects of the macroeconomic economy, which will be placed in a later report.

The administration sought to advance the release on Tuesday, when the White House press secretary Caroline Levit says that the Central Bank of Oman was “a historical error” and accused the observation of bias against the Republicans.

“Unfortunately, this is an institution in our country that has become partisan and political, and we are very confident in our economic analyzes of this law,” Levitte said.

Democrats rushed to seize Wednesday’s analysis to close the legislation. “This bill has moved from bad to worse,” said Ron Wadeen, the chief democratic of the Senate Finance Committee.

He said: “If the Republicans in the Senate really believe that this is the draft law is the right direction of America, they owe the Americans to defend it in public places instead of being shocked under the cover of darkness before they know what to do to their components.”