House-passed Trump bill would add trillions to debt even when accounting for growth: CBO

The House-passed version of President Trump’s tax cut and domestic policy bill would add $3.3 trillion to the national debt, even when accounting for its impact on economic growth, according to an analysis released Tuesday by the Congressional Budget Office (CBO).

CBO’s “dynamic” estimate, which factors in how the bill’s policies would affect economic growth, found that the One Big Beautiful Bill Act would add $3.3 trillion to the national debt by the end of 2034. The national debt, currently north of $36 trillion, would equal 125 percent of gross domestic product (GDP) by 2034.