House GOP ‘big, beautiful bill’ would increase the deficit by $2.4 trillion, CBO says

CNN —

House Republicans’ sweeping tax and spending cuts package would increase the deficit by $2.4 trillion over the next decade, according to the Congressional Budget Office’s analysis of the bill that GOP lawmakers narrowly approved last month.

The highly anticipated score, which was released Wednesday, could complicate Senate Majority Leader John Thune’s task of crafting a version of the legislation that his divided conference would approve. Several GOP senators have already expressed concern about the House package’s potential impact to the deficit and want to make deeper spending cuts, while others are wary of the major reductions to the nation’s safety net – particularly Medicaid – in the House bill.

The analysis also adds ammunition to billionaire Elon Musk’s attacks on t