Trump Tax Bill To Add $3.3 Trillion To National Debt, Says Budget Office

The Senate has begun its marathon debate over President Donald Trump’s package of legislative priorities, as Republicans try to balance tax cuts, Medicaid reforms, and border security funding with a narrow majority, Bart Jansen, Sara D. Wire, and Marina Pitofsky reported for USA Today.

The Congressional Budget Office (CBO) said that Trump’s sweeping tax-cut and spending bill would add $3.3 trillion to the national debt over the next decade.

The debate follows a dramatic 51–49 vote on June 28 that remained open for more than three and a half hours while a handful of Republican senators negotiated with Senate leaders, Trump, and Vice President JD Vance.

The Congressional Budget Office (CBO)—an independent, nonpartisan body that analyzes the impact of legislation—said that Trump’s sweeping tax-cut and spending bill would add $3.3 trillion to the national debt over the next decade.

The office previously reported that Trump’s plan would increase resources for middle- and high-income earners at the expense of lower-income Americans, Medora Lee also reported for Reuters.

The vote marked a key victory for Trump’s domestic agenda, clearing a significant hurdle for his tax cuts and border security plans. Trump has urged Congress to pass the legislation by July 4.

Following the vote, Minority Leader Chuck Schumer, D-N.Y., forced Senate clerks to read the entire 940-page bill aloud—breaking from the usual practice of waiving the reading—delaying the proceedings.

The debate could last 20 hours, followed by a “vote-a-rama,” where senators are expected to consider dozens of amendments in a lengthy and chaotic voting session.

Majority Leader John Thune, R-S.D., has said he remains uncertain whether enough Republicans will support the final version to send it back to the House. Senators Rand Paul of Kentucky and Thom Tillis of North Carolina were the only Republicans to vote against advancing the bill as written.