Congress exposes Trump’s $3.8 trillion deficit that helps the rich and makes ‘children go hungry’

The Congressional Budget Office (CBO) has released a harsh analysis of Trumps’ “One Big Beautiful Bill Act,” showing that it is expected to add $3.8 trillion to the federal deficit over the next ten years. This problem is made worse by an extra $1 trillion in spending cuts that target important social programs.

Per MSNBC, The CBO’s report gives a clear and troubling picture of how the bill affects different groups: the richest Americans will gain more household resources, while the poorest households will lose resources, with a 2% drop in the short term and a 4% drop by 2033.

The main part of the bill includes large tax cuts, mostly helping high-income earners. These tax cuts are the biggest reason for the huge increase in the federal deficit. The bill extends tax breaks that were first passed during Trump’s first term and adds new ones, such as removing taxes on certain tips, interest on car loans, and some overtime pay.

Trump’s bill may not be as good for everyone as once thought

The bill also raises the standard income tax deduction to $32,000 for married couples filing together, increases the child tax credit to $2,500, and expands a tax break for seniors to help cover Social Security taxes. The bill makes deep cuts to important social programs to pay for these tax cuts.

Democratic Rep. Brendan Boyle of Pennsylvania said in a statement, “This is what Republicans are fighting for — lining the pockets of their billionaire donors while children go hungry and families get kicked off their health care. CBO’s nonpartisan analysis makes it crystal clear: Donald Trump and House Republicans are selling out the middle class to make the ultra-rich even richer. Every word out of Trump’s mouth about helping working Americans was a lie.”

To make up for the lost money from the tax cuts, the bill slashes funding for Medicaid and the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps. The CBO estimates that about 15 million Americans will lose health care benefits because of these cuts, with roughly $700 million taken from Medicaid and $267 billion cut from SNAP.

The bill also adds stricter work rules for people who receive Medicaid and SNAP benefits. Adults without disabilities and without children to care for will have to work or do community service for 80 hours each month. This rule will also apply to older Americans up to age 64, instead of 54, and to some parents with children older than seven. The CBO predicts that these changes will mean 8.6 million fewer people will have health insurance and 3 million fewer people will get SNAP benefits each month.

Even though the CBO’s report is very critical, House Republicans are still trying to pass the bill, working late to get enough votes. President Trump has told his party to move quickly on the bill, seeing its success as important for his political future. The bill also includes an extra $350 billion in new spending, with about $150 billion going to the Pentagon, including money for a new defense system, and the rest set aside for Trump’s border security and deportation plans.

Republicans are rushing the bill through Congress, hoping to pass it before the CBO’s findings get too much attention. Democratic lawmakers have strongly opposed the bill, saying it hurts low-income families and adds to the national debt. They argue that the bill favors the rich while hurting the poor and middle class.