Overall, the Republican tax bill, known as the One Big Beautiful Bill Act, would add $2.3 trillion to the deficit over 10 years, according to the CBO.

The Congressional Budget Office correctly stated Trump's tax bill would force cuts to Medicare. Budget analysts are tempering concerns, as the relevant provision is expected to be waived as in prior years.

The deficits caused by the tax bill would trigger the Statutory Pay-As-You-Go Act of 2010 and force billions in cuts to Medicare, unless Congress takes action.