Budget Office wrongly analyzed Trump’s big bill, missed record savings, White House says

The White House disputes a Congressional Budget Office report that claims former President Trump’s tax and spending package—dubbed the “big, beautiful bill”—would increase the federal deficit by $2.4 trillion over the next decade. The White House argues the CBO’s analysis is flawed, assuming Trump’s 2017 tax cuts won’t be extended. Instead, the Office of Management and Budget projects the bill would reduce the deficit by $1.4 trillion, or up to $6.6 trillion when combined with tariffs and other cuts. Critics, including Elon Musk and some GOP senators, oppose the bill, and the White House accuses the CBO of political bias.