Trump tax bill will add $2.4 trillion to the deficit and leave 10.9 million more uninsured, CBO says

By LISA MASCARO, AP Congressional Correspondent

WASHINGTON (AP) — President Donald Trump’s big bill making its way through Congress will cut taxes by $3.75 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 by 2034, including 1.4 million who are in the country without legal status in state-funded programs.