CBO projects ‘big, beautiful bill’ would add $5 trilllion to deficit if temporary tax cuts extended

The Congressional Budget Office (CBO) informed Senate Budget Committee ranking subordinate Jeff Merkley (D-Ore.) successful a missive Monday that the One Big Beautiful Bill Act, President Trump’s signature home argumentation accomplishment, would adhd $5 trillion to the shortage implicit the adjacent decennary if its impermanent taxation alleviation provisions are extended for a afloat 10 years.…