Fiscal Fallout: CBO’s Stark Warning on House GOP’s Sweeping Tax and Spending Bill
Fiscal Fallout: CBO’s Stark Warning on House GOP’s Sweeping Tax and Spending Bill A bombshell report from the Congressional Budget Office (CBO) has cast a long shadow over the House Republican’s ambitious tax and spending package, projecting a staggering $2.4 trillion increase to the national deficit over the next decade. The highly anticipated analysis, released this week, also warns that nearly 11 million more Americans could lose their health insurance by 2034, primarily due to significant cuts to Medicaid. The…