06.05.25

CBO Releases New Analysis Showing House-Passed “Big Beautiful Bill” Will Add Even More to the Deficit When Including Interest

Projections Show Bill Will Increase Deficit by $3 Trillion, Up From $2.4 Trillion

WASHINGTON, D.C. – U.S. Senator Jeff Merkley (D-OR), Ranking Member of the Senate Budget Committee, released the below statement following a new analysis published by the nonpartisan Congressional Budget Office (CBO) which shows the Republican House-passed “Big Beautiful Bill” will add $3 trillion to the deficit when including the $551 billion in increased interest on the national debt caused by the provisions in the bill which overwhelmingly benefit the wealthiest Americans. Yesterday, CBO released analysis that showed bill would cost $2.4 trillion over the next 10 years. The bill will increase the national debt to 124 percent of the economy by 2034.

“Republicans can’t ignore the trillions of dollars this bill adds to the deficit, and they can’t ignore the interest that comes along with the massive debt they are creating. It is fiscally irresponsible,” said Ranking Member Jeff Merkley. “This is another part of the Great Betrayal of working families where Republicans run up massive amounts of debt to fund tax breaks for their billionaire friends, while working families are stuck paying the price. By kicking millions off their health insurance, gutting food assistance programs that families rely on, and bankrupting our economy on behalf of the ultrawealthy, Republicans are making clear that this bill is: families lose, and billionaires win.”

See the letter from CBO to Merkley HERE.

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