Trump Healthcare Budget & Tax Changes
- Trump's "One Big Lovely Bill" is under fire as it moves through congress.
- The Congressional Budget Office (CBO) estimates the bill would add $2.4 trillion to the national deficit over the next decade.
- Senate Majority Leader John Thune (R-South Dakota) said he is committed to passing the bill. However, the bill has drawn criticism from both parties, particularly regarding proposed cuts...
President Trump’s healthcare budget and tax changes face intense scrutiny amidst projections of a soaring national deficit. The latest bill, swiftly moving through Congress, forecasts a staggering $2.4 trillion addition to the deficit over a decade, potentially leaving over 10 million Americans uninsured under the proposed changes. This sweeping legislation includes substantial tax cuts, totaling $3.75 trillion, countered by $1.3 trillion in spending cuts, notably affecting Medicaid. These proposed changes have ignited fierce debate, with critics, including former Trump advisors, denouncing the bill’s potential consequences. News directory 3 keeps you informed on the key points being debated by both Democrats and Republicans. Discover what’s next as the bill’s fate hangs in the balance, with a July 4th deadline looming.
Trump tax Bill Faces Scrutiny Over Deficit and Healthcare Impact
Updated June 7, 2025
president Donald J. Trump’s “One Big Lovely Bill” is under fire as it moves through congress. The proposed legislation, featuring meaningful tax cuts and spending adjustments, raises concerns about its impact on the national deficit and healthcare access.
The Congressional Budget Office (CBO) estimates the bill would add $2.4 trillion to the national deficit over the next decade. Furthermore,the CBO projects that 10.9 million more Americans could lose health insurance coverage under the proposed changes.
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Senate Majority Leader John Thune (R-South Dakota) said he is committed to passing the bill. However, the bill has drawn criticism from both parties, particularly regarding proposed cuts to Medicaid and other social programs.
Elon Musk, a former Trump advisor, has publicly denounced the bill, calling it a “nauseating abomination.” He urged his followers to contact Congress and oppose the legislation.
the bill’s core includes $3.75 trillion in tax cuts,including extensions of the 2017 tax law. These cuts are partially offset by $1.3 trillion in proposed spending cuts, primarily targeting Medicaid and food assistance programs.
The CBO projects that Medicaid changes alone could result in 7.8 million individuals losing coverage. Senate Minority Leader Chuck Schumer (D-New York) criticized the bill as an attempt to dismantle the Affordable Care Act.
the proposed budget aligns with the White House’s broader vision to reshape the Department of Health and Human Services (HHS). This includes consolidating the national Institutes of health (NIH) and reducing funding for federal health and social programs.
White House Budget Director Russell Vought argued the bill would reduce the deficit by $1.4 trillion using an alternative accounting method. However, critics warn that such methods obscure the bill’s true fiscal impact.
“They just want to strangle health care,” said Senate Minority Leader Chuck Schumer (D, New york), framing the bill as another attempt to dismantle the Affordable Care Act.
What’s next
With a July 4 deadline approaching, the future of the bill remains uncertain.Failure to act could result in the expiration of the 2017 tax cuts, perhaps raising taxes for millions of Americans. The bill also includes provisions for border security and a debt ceiling increase,adding to its complexity and the challenges it faces in Congress.