Senate tax bill would add $3.3 trillion to U.S. deficits, CBO says

The Senate version of President Donald Trump’s tax and spending measure would add nearly $3.3 trillion to US deficits over a decade, according to a new estimate from the nonpartisan Congressional Budget Office.

The CBO score for the so-called One Big Beautiful Bill reflects a $4.5 trillion decrease in revenues and a $1.2 trillion decrease in spending through 2034, relative to a current law baseline.

The Senate bill, by Republican request, was also scored as costing $507.6 billion...