### The Big, Beautiful Bill: A $2.8 Trillion Deficit Increase The Congressional Budget Office (CBO) has released a new report indicating that President Donald Trump's proposed tax and budget legislation, dubbed the "One Big Beautiful Bill Act," is projected to increase the federal deficit by **$2.8 trillion** over the next decade. This figure is **$441 billion** higher than previous estimates, raising concerns about the long-term fiscal implications of the bill despite anticipated economic growth. The CBO's analysis suggests that while the bill may stimulate economic activity, it will not be sufficient to offset the significant rise in the deficit [https://fortune.com/2025/06/18/cbo-big-beautiful-bill-deficit-2-8-trillion-441-billion-more-than-before][https://www.dimsumdaily.hk/trumps-tax-and-budget-bill-projected-to-add-us2-8-trillion-to-u-s-deficit]. ### Breakdown of the CBO's Findings 1. **Deficit Increase**: The CBO estimates a **$2.8 trillion** increase in the federal deficit over the next decade due to the proposed tax cuts and spending measures [https://www.philstockworld.com/2025/06/18/trump-tax-bill-would-widen-deficits-by-2-8t-after-factoring-in-economic-impacts-cbo-says]. 2. **Economic Growth**: Although the bill is expected to spur economic growth, the CBO indicates that this growth will not be enough to counterbalance the rising deficit [https://www.forbes.com/sites/zacharyfolk/2025/06/17/trumps-tax-cuts-would-raise-deficit-by-28-trillion-new-estimate-suggests]. 3. **Comparative Estimates**: The new estimate of **$2.8 trillion** is **$441 billion** more than earlier projections, highlighting a significant revision in the fiscal outlook [https://www.dailymaverick.co.za/article/2025-06-18-forecaster-says-us-house-version-of-trump-bill-to-cost-2-8-trillion-despite-economic-gains]. 4. **Long-term Implications**: The CBO's report raises concerns about the sustainability of the federal budget, as the projected deficit increase could lead to higher national debt levels [https://www.staradvertiser.com/2025/06/17/breaking-news/cbo-gop-tax-bill-would-add-3-4-trillion-to-u-s-debt]. ### Supporting Data from the CBO Report - **Projected Deficit Increase**: **$2.8 trillion** over the next decade. - **Revised Estimate**: **$441 billion** higher than previous projections. - **Economic Growth Impact**: Insufficient to offset the deficit increase. ### Conclusion: Implications of the Big, Beautiful Bill In summary, the CBO's analysis of President Trump's "One Big Beautiful Bill Act" reveals significant fiscal challenges ahead. The projected **$2.8 trillion** increase in the federal deficit, which is **$441 billion** more than earlier estimates, raises serious questions about the long-term sustainability of U.S. fiscal policy. 1. **Deficit Concerns**: The increase in the deficit could lead to higher national debt levels, impacting future economic stability. 2. **Economic Growth vs. Fiscal Responsibility**: While the bill may stimulate economic growth, it does not provide a viable solution to the rising deficit. 3. **Policy Implications**: Lawmakers will need to consider the long-term fiscal implications of such expansive tax cuts and spending measures. The findings underscore the need for a balanced approach to fiscal policy that considers both economic growth and the sustainability of the federal budget [https://www.usnews.com/news/politics/articles/2025-06-17/forecaster-says-us-house-version-of-trump-bill-to-cost-2-8-trillion-despite-economic-gains][https://www.bnnbloomberg.ca/tariffs/2025/06/17/trump-tax-bill-would-widen-deficits-by-us28t-after-factoring-in-economic-impacts-cbo-says].