Trump’s ‘Big Beautiful Bill’ Will Increase the Deficit by $2.8 Trillion, CBO Projects

The nonpartisan group that advises Congress revised an earlier estimate after an analysis of the bill’s effect on the economy.

A woman walks by a hospital in Washington on Jan. 2, 2025. Madalina Vasiliu/The Epoch Times

The latest version of the One Big Beautiful Bill Act, the legislation central to implementing President Donald Trump’s agenda, could increase the federal deficit by nearly $2.8 trillion by 2034, according to the latest estimates. 

That news comes from the nonpartisan Congressional Budget Office (CBO), which advises Congress on the budgetary impact of proposed laws.