Trump Tax Bill Would Add $2.4 Trillion To The Deficit

WASHINGTON (AP) — President Donald Trump’s big bill is likely to unleash trillions in tax cuts and slash spending, but also spike deficits by $2.4 trillion over the decade and leave some 10.9 million more people without health insurance. That’s according to a new analysis released Wednesday by the nonpartisan Congressional Budget Office. The findings are raising political stakes for the GOP’s signature domestic priority. Senate GOP Leader John Thune said after a meeting with Trump at the White House that they’re committed to getting it done. Republican leaders are determined to muscle the package through Congress by Trump’s July Fourth deadline. But billionaire Elon Musk is trashing the package, posting “Kill the bill,” and Democrats are piling on their own opposition.