Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
NEW YORK, June 4 (Xinhua) — The U.S. Congressional Budget Office, a nonpartisan agency, on Wednesday released an analysis projecting that President Donald Trump’s tax cut bill will reduce tax revenues by $3.7 trillion, increasing the federal budget deficit by $2.4 trillion over the next decade.
The report, published on the agency’s website on June 4 but dated May 20, also projects that if the bill is passed, the number of people without health insurance would increase by 10.9 million, including 1.4 million people who are in the country without legal status and who use government-funded programs.
The document, which D. Trump and Republican lawmakers call a “big, beautiful” bill, was passed by the House of Representatives (lower chamber) of the US Congress with a narrow majority of votes and is currently awaiting consideration by the Senate (upper chamber). –0–