CBO Finds Big Beautiful Bill Raises US Deficit By $2.4 Trillion, Saddles Next President With Fiscal Drag

The Congressional Budget Office (CBO) has released its official scoring of the "Big Beautiful Bill", which shows that it would increase projected deficits by $2.4 trillion over 10 years. The bill would nearly double the primary deficit, largely due to a $3.8 trillion drop in tax revenue. White House Office of Management and Budget Director Russ Vought has hit back, stating that the bill reduces deficits by $1.4 trillion over 10 years when adjusted for the CBO's unrealistic current policy baseline. Vought also noted that the bill includes $1.7 trillion in mandatory savings, the most in history. The CBO report also indicates that 10.9 million people could be left without health insurance in 2034. Billionaire Elon Musk has slammed the bill as a "disgusting abomination" that makes no effort to codify any federal savings. Musk's pushback was met with key support by Sen. Rand Paul, who's vowed to vote 'no' on the bill in its current form. The White House has also criticized the CBO, calling it a "partisan and political" institution stacked with Democrats. The Heritage Foundation's Stephen Moore has also questioned the CBO's accuracy, noting that it does not measure the economy-wide benefits of lower tax rates. House Speaker Mike Johnson has also slammed the CBO, stating that it always underestimates the benefits of tax cuts and reduction in regulations.