The Senate Version of Trump’s Massive Tax Bill Is Even More Costly Than The House’s

A new estimate from the nonpartisan Congressional Budget Office suggests that it could add $3.3 trillion to the national debt.

Senate Republicans’ version of President Donald Trump’s expansive tax bill is poised to add even more to the debt than the one proposed by their House counterparts, according to an estimate from the nonpartisan Congressional Budget Office.

The Senate bill, which could still change, would add approximately $3.3 trillion to the debt over the next ten years, the CBO announced in an analysis released on Sunday. That surpasses the $2.4 trillion the House version was estimated to add to the debt in the same timeframe.

A significant reason for this discrepancy is the approach to certain tax cuts in the Senate legislation compared to those in the House’s. The Senate bill, like the House version, is also set to slash funding for social programs, including Medicaid and SNAP. The CBO finds that it would leave 11.8 million people uninsured if it were to go into effect, compared to the House bill, which would leave 10.9 million people uninsured.

In both measures, Republicans are attempting to pay for sizable tax cuts, including breaks for corporations, by reducing spending on key social programs.

Sunday’s CBO estimate is likely to exacerbate Republican divide over the cost of the legislation, which has been a sore spot for fiscal hawks like Sens. Ron Johnson (R-Wis.) and Rand Paul (R-Ky.), who have expressed concerns about the amount it would bloat deficits.