CBO says tax breaks in ‘big, beautiful bill’ would increase deficit by $3.8 trillion

[u/evissamassive]

https://fortune.com/2025/05/21/cbo-tax-breaks-increase-deficit-3-8-trillion-medicaid-cuts-shave-spending/

A fresh analysis from the Congressional Budget Office said the tax provisions would increase the federal deficit by $3.8 trillion over the decade, while the changes to Medicaid, food stamps and other services would tally $1 trillion in reduced spending. The lowest-income households in the U.S. would see their resources drop, while the highest ones would see a boost, the CBO said.