A CBO estimate Tuesday found that the GOP bill would decrease household resources for the poorest 10 percent in America, with households expected to lose 2 percent of their income by 2027 and 4 percent of their income by 2027 through the loss of programs like Medicaid, Medicare, and the Supplemental Nutrition Assistance Program (SNAP).
The CBO also noted that Trump’s bill would add $3.8 trillion to the national debt over the next decade.
The Republicans are dismissing the report entirely.
“Congressman, you say the CBO is wrong, but you have—your fellow Republicans are concerned because the CBO is the only nonpartisan scorekeeper that Congress has,” CNN anchor Kate Bolduan replied.
It’s ironic that Barr brought up Trump’s 2017 bill, which also contained massive tax cuts for the rich that the GOP claimed would pay for themselves. They lied then too.
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