Trump’s $3.3 Trillion Tax Bill Advances in Senate | CBO Flags Huge Debt Spike

Name: Trump’s $3.3 Trillion Tax Bill Advances in Senate | CBO Flags Huge Debt Spike
Uploaded: 2025-06-30T09:58:00+05:30
Duration: 5 min 35 s
Channel: Akshat Khanna

The US Senate narrowly advanced Donald Trumps expansive tax bill, projected by the Congressional Budget Office (CBO) to increase the national debt by $3.3 trillion. The bill, facing internal GOP divisions and Democratic opposition, includes tax cuts for the wealthy and cuts to social programs. Senator Thom Tillis's decision to forgo re-election after Trumps primary threat highlights the political tension surrounding the legislation.

Akshat Khanna | Updated on: Jun 30, 2025 | 01:38 PM

The U.S. Senate is racing to pass Donald Trump’s sweeping tax, immigration, and spending megabill — but a new Congressional Budget Office analysis has raised alarm. The CBO says the Senate version would add $3.3 trillion to the national debt, $800 billion more than the House version.

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Despite internal GOP friction, a procedural vote narrowly advanced the 940-page bill. Senator Thom Tillis even announced he won’t seek re-election after Trump threatened a primary challenge for his "no" vote. The Senate is now in a marathon session filled with dramatic delays, a bill reading on the floor, and a looming "vote-a-rama."

Trump hailed the Saturday vote as a “great victory” — but Democrats are hoping the sky-high cost projection shakes enough fiscally conservative Republicans before final passage.