The Congressional Budget Office (CBO), a nonpartisan government agency, is facing political backlash after projecting that President Donald Trump's proposed 'one big beautiful bill' would increase federal deficits by $2.4 trillion over 10 years, leading Republicans and the White House to dispute its findings.
What is the CBO? A look at the small office that scored Trump's tax bill
Donald TrumpJoe BidenMike JohnsonJason SmithKaroline LeavittUnited States House of RepresentativesU.S. Republican PartyDistrict of ColumbiaGovernment budgetsCongressUnited States Congressional Budget OfficeUnited StatesGeorge W. BushPhillip SwagelLegislationU.S. Democratic PartyMeta PlatformsInc.Politics
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TL;DR: Key points with love ❤️The Congressional Budget Office (CBO), a nonpartisan government agency, is facing political backlash after projecting that President Donald Trump's proposed 'one big beautiful bill' would increase federal deficits by $2.4 trillion over 10 years, leading Republicans and the White House to dispute its findings.
Trending- 1 Over 50 years ago: The Congressional Budget Office (CBO) was established.
- 2 April 2018: Tax cuts enacted in Trump's first term.
- 3 March 2021: A burst of inflation began, impacting CBO revenue projections.
- 4 December 2024: Rep. Jason Smith and Phillip Swagel commented on CBO projections.
- 5 Early July 2025: Republicans are looking to pass the 'one big beautiful bill'.
- Intense political debate and scrutiny over the bill's fiscal impact.
- The CBO's credibility is being questioned by Republican lawmakers.
- Potential for a significant increase in federal deficits and national debt.
- CBO projects 10.9 million more people uninsured by 2034.
What: The Congressional Budget Office (CBO) is at the center of a political debate after projecting that President Donald Trump's 'one big beautiful bill' (a tax cut and immigration bill) would increase federal deficits by about $2.4 trillion over 10 years.
When: CBO's projection is for the next 10 years (through 2034); the CBO was established more than 50 years ago; Trump's first term tax cuts were enacted in April 2018; Republicans are looking to pass the current bill by early July (2025).
Where: Washington D.C., United States.
Why: Republicans want to pass a massive tax cut and immigration bill but are criticized for potentially increasing the national debt; the White House and Republicans dispute CBO's economic growth projections; Democrats are using CBO's findings to highlight the bill's failings.
How: The CBO provides objective, impartial analysis and cost estimates for legislation. Republicans are attacking the CBO's methodology and past projections, while Democrats are touting its findings.