{"id":2442721,"date":"2025-06-04T10:38:02","date_gmt":"2025-06-04T14:38:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cbo-says-republican-megabill-will-add-2-4-trillion-to-deficit\/"},"modified":"2025-06-04T10:38:45","modified_gmt":"2025-06-04T14:38:45","slug":"cbo-says-republican-megabill-will-add-2-4-trillion-to-deficit","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cbo-says-republican-megabill-will-add-2-4-trillion-to-deficit\/","title":{"rendered":"CBO says Republican megabill will add $2.4 trillion to deficit"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcbo-says-republican-megabill-will-add-2-4-trillion-to-deficit%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2442721&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The Congressional Budget Office (CBO) has reported that the &#8220;One Big Beautiful Bill Act,&#8221; recently passed by House Republicans, is projected to increase the federal deficit by $2.4 trillion. This assessment comes following a detailed markup and debate process within Congress. The CBO&#8217;s findings are likely to be utilized by Democrats to argue against Republicans&#8217; fiscal obligation, while some Republicans may contest the validity of the CBO&#8217;s projections, <a href=\"https:\/\/amzn.to\/3YuVZYV\" >citing previous inaccuracies<\/a>.<\/p>\n<p>Supporters of the bill, like House Speaker Mike Johnson, assert that the legislation will not contribute to the national debt, claiming that the economic growth fueled by tax cuts will offset any increase in deficits. However, budget experts have challenged this perspective. They advocate for a focus on savings rather than new borrowing. The bill will now move to the Senate, where amendments and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/newt-gingrich-president-biden-and-speaker-mccarthy-after-round-one\/\" title=\"Newt Gingrich: President Biden and Speaker McCarthy After Round One\">potential spending cuts<\/a> are anticipated, which could alter the CBO&#8217;s deficit projections.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">CBO says Republican megabill will add $2.4 trillion to deficit<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2135663\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>The <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/congressional-budget-office\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Congressional Budget Office<\/a> said on Wednesday that Republicans&rsquo; <a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/3418852\/house-passes-trump-one-big-beautiful-bill-tax-cuts\/\" target=\"_blank\" rel=\"noopener\" title=\"\">One Big Beautiful Bill Act<\/a> will add $2.4 trillion to the deficit.<\/p>\n<p>The numbers released Wednesday are the first from Congress&rsquo;s nonpartisan scorekeeper on the full <a href=\"https:\/\/www.congress.gov\/bill\/119th-congress\/house-bill\/1\/text\" target=\"_blank\" rel=\"noopener\" title=\"\">bill<\/a> House Republicans passed last month after a <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3420117\/winners-losers-republican-tax-bill\/\" target=\"_blank\" rel=\"noopener\" title=\"\">marathon of markups and debate<\/a>.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3430062\/first-round-june-social-security-payments-seven-days\/\">First round of June Social Security payments goes out in seven days<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3430118\/july-supplemental-security-income-payment-worth-967-27-days\/\">July Social Security direct payment worth $967 goes out in 27 days<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3430281\/hawley-child-tax-credit-gop-tax-bill\/\">Hawley pushes for $5,<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tax-filing-season-starts-today\/\" title=\"Tax Filing Season Starts Today\">000 child tax credit<\/a> in GOP tax bill<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>The new CBO numbers will be fodder for Democrats, who have attacked Republicans for being fiscally irresponsible and adding to the debt. Many Republicans will likely cast doubt on the CBO finding, arguing that the office has a poor track record and might not be accurate in its projections.<\/p>\n<p>Many conservatives are receptive to the argument that an extension of tax cuts should not be deemed an addition to deficits. That is because they believe that the economic growth sparked by the tax cuts and other provisions will offset any deficit hits.<\/p>\n<p>One of those people is House Speaker Mike Johnson (R-LA), who shepherded the massive legislative bill through the House, holding meetings with competing factions to reach an agreement that narrowly passed.<\/p>\n<p>&ldquo;It&rsquo;s not going to add to the debt,&rdquo; Johnson said over the weekend on NBC&rsquo;s&nbsp;<em>Meet the Press<\/em>.&nbsp;<\/p>\n<p>But budget experts have pushed back against those arguments from Republicans.<\/p>\n<p>&ldquo;So there&rsquo;s zero question that the current form of the bill adds too much to the debt &mdash; we shouldn&rsquo;t be talking about trillions in new borrowing, we should be talking about trillions in savings,&rdquo; Maya MacGuineas, president of the Committee for a Responsible Federal Budget, told the&nbsp;<em>Washington Examiner<\/em>&nbsp;ahead of the CBO release.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3430281\/hawley-child-tax-credit-gop-tax-bill\/\" target=\"_blank\" rel=\"noopener\" title=\"\">HAWLEY PUSHES FOR $5,000 CHILD TAX CREDIT IN GOP TAX BILL<\/a><\/strong><\/p>\n<p>The sweeping tax legislation now heads to the Senate, where senators will get a chance to amend the reconciliation bill.<\/p>\n<p>It is unclear <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3428825\/tax-bill-debt-budget-reconciliation\/\" target=\"_blank\" rel=\"noopener\" title=\"\">how much the Senate will change<\/a>, or how that would change its CBO score, but some senators have made it clear they want to include more spending cuts.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2135663\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2135663\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBO reports GOP megabill will increase deficit by $2.4 trillion<\/p>\n","protected":false},"author":3360,"featured_media":2442722,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/06\/tax-bill-cbo.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[55824,9647,38510,56507],"class_list":["post-2442721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-cbo-2","tag-deficit","tag-fiscal-policy","tag-republican-megabill"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/06\/tax-bill-cbo.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2442721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2442721"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2442721\/revisions"}],"predecessor-version":[{"id":2442725,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2442721\/revisions\/2442725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2442722"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2442721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2442721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2442721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}