The Damage Report
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Mike Johnson SQUIRMS As Reporter Reveals The Truth About Medicaid Cuts
Posted
June 5, 2025
Views
24,392
Likes
1,509
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265
Engagement
7.27%
June 5, 2025
24,392
1,509
265
7.27%
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6:16Now PlayingThe CBO says Republicans’ plan to push Trump’s agenda would add $2.4 trillion to the deficit over 10 years. Yasmin Aliya Khan and Maz Jobrani break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here
"Washington — Republicans' sweeping policy bill aimed at advancing President Trump's second-term agenda would increase annual budget deficits by a total of $2.4 trillion over the next decade, according to a new estimate prepared by the nonpartisan Congressional Budget Office.
The CBO also estimates that 10.9 million more people would be without health insurance in 2034 as the result of the House-passed legislation, mostly due to cuts to Medicaid and the Affordable Care Act under the bill.
House Republicans are aiming to cut at least $1.5 trillion in spending to offset trillions in tax cuts, while also raising the debt ceiling by $4 trillion. The CBO projection puts the spending cuts at about $1.2 trillion over the next decade, with the tax cuts totaling just under $3.7 trillion. The national debt currently stands at roughly $36 trillion, according to the Treasury Department.
The package, which Mr. Trump and Republican lawmakers refer to as the "one big, beautiful bill," is now in the hands of the Senate after making it out of the House before Memorial Day. The bill is expected to undergo changes in the Senate before heading back to the lower chamber."
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