Trump’s big bill will cut taxes by $3.7T and add $2.4T to deficit, budget office says

WASHINGTON (AP) — President Donald Trump’s big bill making its way through Congress will cut taxes by $3.7 trillion but also increase deficits by $2.4 trillion over the next decade, according to an analysis released Wednesday by the nonpartisan Congressional Budget Office.

The CBO also estimates an increase of 10.9 million people without health insurance under the bill, including 1.4 million who are in the country without legal status in state-funded programs. The package would reduce federal outlays...