By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Pew PatriotsPew PatriotsPew Patriots
Notification Show More
Font ResizerAa
  • Home
  • News
  • Tactical
  • Guns and Gear
  • Prepping & Survival
  • Videos
Reading: Senate weighs Trump’s ‘big, beautiful bill’ as policy group backs CBO, projects $3 trillion debt increase
Share
Font ResizerAa
Pew PatriotsPew Patriots
  • News
  • Tactical
  • Guns and Gear
  • Prepping & Survival
  • Videos
Search
  • Home
  • News
  • Tactical
  • Guns and Gear
  • Prepping & Survival
  • Videos
Have an existing account? Sign In
Follow US
Senate weighs Trump’s ‘big, beautiful bill’ as policy group backs CBO, projects  trillion debt increase
News

Senate weighs Trump’s ‘big, beautiful bill’ as policy group backs CBO, projects $3 trillion debt increase

Jimmie Dempsey
Last updated: June 4, 2025 10:53 pm
Jimmie Dempsey Published June 4, 2025
Share
SHARE

NEWYou can now listen to Fox News articles!

President Donald Trump’s “big, beautiful bill” is projected to increase the debt by $3 trillion, with interest, or $5 trillion if made permanent, according to estimates. 

An estimate of the House-passed bill by the nonpartisan Congressional Budget Office (CBO) projects it would add more than $2.4 trillion to primary deficits before interest over 10 years, according to the Committee for a Responsible Federal Budget (CRFB), a nonprofit public policy organization.

As of Wednesday, the national debt, which measures what the U.S. owes its creditors, was $36.2 trillion, and the national deficit, which occurs when the federal government’s spending exceeds its revenues, was $1 trillion, according to the Treasury Department. 

The massive spending package being considered by a Republican-controlled Congress aims to address a number of issues, including tax policy, border security and immigration, defense, energy production, the debt limit, and adjustments to SNAP and Medicaid.

TRUMP’S ‘BIG, BEAUTIFUL BILL’ FACES RESISTANCE FROM REPUBLICAN SENATORS OVER DEBT FEARS

“Based on CBO’s estimate, the House-passed bill includes roughly $5.3 trillion of tax cuts and spending partially offset by $2.9 trillion of revenue increases and spending cuts,” a CRFB statement said. “Most significantly, the policies put forward by the Ways & Means Committee would increase deficits by $3.8 trillion, on net, while the policies in the Energy & Commerce title would reduce deficits by $1.1 trillion. With interest, the bill would add nearly $3.0 trillion to the debt through 2034 – or $5.0 trillion if various temporary provisions are made permanent.”

“OBBBA (One Big Beautiful Bill Act) would add far too much to the debt as written and could lead to far more fiscal damage than reported if temporary provisions are extended as intended,” the group said. 

It noted that the bill would boost near-term inflation, increase interest rates, add unnecessary complexity to the tax code as well as weaken market confidence and slow long-term economic growth.

It urged the Senate to make the bill “more responsible.”

PRICE TAG ESTIMATE FOR HOUSE GOP TAX PACKAGE RISES TO $3.94T

Split of Trump and Rand Paul

Despite the bill passing in the House, some lawmakers have voiced opposition to the legislation, most notably Sen. Rand Paul, R-Ky. 

“We have never raised the debt ceiling without actually meeting that target,” Paul told reporters this week. “So you can say it doesn’t directly add to the debt, but if you increase the ceiling $5 trillion, you’ll meet that. And what it does is it puts it off the back burner. And then we won’t discuss it for a year or two.”

Top Democrats recently said the bill would cause the deaths of an estimated 51,000 Americans due to changes to the federal healthcare system and the broader reconciliation legislation. Also against the bill is Elon Musk, Trump’s former head of the Department of Government Efficiency.

Fox News Digital has reached out to the White House.

Read the full article here

You Might Also Like

North Korean avoids land mines to cross DMZ into South Korea as Seoul softens stance on Pyongyang

Rogan mocks Dem lawmaker for ‘denying statistics and science’ by claiming male and female athletes are equal

Naomi leaves Evolution as women’s world champion after cashing in Money in the Bank contract

‘Democracy in crisis?’ DC universities offering Trump-themed class this fall

Massachusetts Governor demands answers after ICE arrests Milford High School student

Share This Article
Facebook Twitter Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We Recommend
Delivery giant’s data breach exposes 40,000 personal records
News

Delivery giant’s data breach exposes 40,000 personal records

Jimmie Dempsey Jimmie Dempsey September 6, 2025
The Classics: The Bren Ten
Meghan Markle compared to Carolyn Bessette-Kennedy, warned by experts to stay silent to save image
JonBenét Ramsey’s father believes crucial progress being made to find daughter’s killer
Bill Maher says ‘nutty’ RFK Jr. has ‘got to go’ following CDC firings, Senate hearing
‘They’re embarrassing us’: National Guard presence in DC sparks fiery Capitol clash
North Carolina city declares itself a ‘Fourth Amendment Workplace’ to protect illegal immigrants from ICE
News

North Carolina city declares itself a ‘Fourth Amendment Workplace’ to protect illegal immigrants from ICE

Jimmie Dempsey Jimmie Dempsey September 6, 2025
Andrew Cuomo has breakfast meeting with Rev. Al Sharpton as he trails Mamdani in NYC mayoral race
News

Andrew Cuomo has breakfast meeting with Rev. Al Sharpton as he trails Mamdani in NYC mayoral race

Jimmie Dempsey Jimmie Dempsey September 6, 2025
Chargers end 7-game losing streak to Chiefs with statement win in Brazil season opener
News

Chargers end 7-game losing streak to Chiefs with statement win in Brazil season opener

Jimmie Dempsey Jimmie Dempsey September 6, 2025
Pew Patriots
  • News
  • Tactical
  • Prepping & Survival
  • Videos
  • Guns and Gear
2024 © Pew Patriots. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?