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CONGRESS BUDGET OFFICE SAYS TRUMP TAX BILL COULD COST $2.4 TRILLION, LESS THAN EARLIER FORECAST

  • NEWS Desk Global
  • Jun 4, 2025
  • 1 min read



The nonpartisan Congressional Budget Office on Wednesday lowered its estimate of how much President Donald Trump's tax-cut and spending bill will add to the national debt, saying it would add about $2.4 trillion to the $36.2 trillion pile.

Its assessment comes a day after key Trump ally Elon Musk blasted the bill as a "disgusting abomination," giving fresh support to Republican deficit hawks who have been pushing back against the measure.

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