Republican Tax Bill Could Add $3.3 Trillion to US Debt
Source: Republican Senate tax bill would add $3.3 trillion to the US debt load, CBO says (2025-06-30)
The Congressional Budget Office (CBO) reports that the proposed Republican Senate tax bill would increase the US debt by $3.3 trillion. This significant rise raises concerns about the long-term fiscal impact of the legislation. The report highlights the potential economic consequences of the bill, emphasizing its substantial contribution to national debt. The development comes amid ongoing global tensions, including conflicts in the Middle East and Ukraine.