Trump’s tax bill would add $2.4tn to US debt, says non-partisan analysis

The Congressional Budget Office warns Trump's one big, beautiful bill' will leave 10.9 million uninsured by 2034

Donald Trump's signature tax bill would blow a $2.4tn hole to America's national debt over the next decade, according to a congressional budget office analysis, which came as Elon Musk called for a new bill.

The non-partisan budget office said on Wednesday that Trump's one big, beautiful bill" would decrease federal revenues by $3.67tn while cutting spending by $1.25tn through 2034, as the national debt currently stands at $36tn.