True or False: The Congressional Budget Office estimates the Big Beautiful Bill would reduce the federal deficit.

Question

Accepted Answer

False. The Congressional Budget Office estimates the bill would increase the federal deficit by $2.4 trillion over the next decade, even after accounting for $1.3 trillion in spending cuts. The tax cuts ($3.7 trillion) far exceed the spending reductions, creating a massive budget shortfall. Republicans claim economic growth will offset these costs, but the CBO's dynamic scoring still shows a $2.8 trillion deficit increase when growth effects are included.

True or False: The Congressional Budget Office estimates the Big Beautiful Bill would reduce the federal deficit.

Explanation

Sources

Related Questions