CBO Confirms Big Ugly Law Adds 3.4 Trillion to the Deficit, Kicks Millions Off Health Care

WASHINGTON, DC – Today, Congressman Brendan F. Boyle (PA-02), Ranking Member of the House Budget Committee, released the following statement in response to the Congressional Budget Office’s final cost estimate of Trump’s Big Ugly Law:

“President Trump and his Republican lapdogs can’t hide from the truth. This final nonpartisan CBO estimate confirms their Big Ugly Law adds $3.4 trillion to the deficit to fund tax breaks for billionaires.

It’s one of the most expensive bills ever passed. It’s also one of the cruelest. More than 15 million Americans will lose their health care because of the law’s assault on Medicaid and Republican plans to dismantle the ACA. I was proud to lead the fight against this disastrous law and will continue working to remind the American people who sold them out, and who’s still fighting for them.”

Background:

• Calculations show that when debt service costs are included, the legislation will add more than $4 trillion to the deficit, making it one of the most expensive laws in American history.
• According to the nonpartisan CBO, 10 million Americans will lose their health care under the Big Ugly Law. Previous CBO analysis also confirms that 5.1 million more will lose coverage due to Republicans’ refusal to extend the enhanced Affordable Care Act tax credits. In total, more than 15 million Americans will lose their health care as a direct result of these Republican policies.
• A fact sheet on the over $500 billion in Medicare cuts triggered by this law can be found here. 

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