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    Common Dreams. To inform. To inspire. To ignite change for the common good.
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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    congressional budget office

    CBO Confirms Trump Budget Law Will Trigger Over $500 Billion in Automatic Medicare Cuts

    CBO Confirms Trump Budget Law Will Trigger Over $500 Billion in Automatic Medicare Cuts

    "Republicans knew their tax breaks for billionaires would force over half a trillion dollars in Medicare cuts—and they did it anyway," said Rep. Brendan Boyle.

    Brad Reed
    Aug 15, 2025

    A report released on Friday confirmed what many Democratic lawmakers have long been warning about: Republicans' massive budget law will trigger significant cuts to Medicare.

    The Congressional Budget Office (CBO) released its analysis of the GOP's budget package and acknowledged that it would be required to issue a sequestration, which is essentially a cancellation of budgetary resources.

    Keep ReadingShow Less
    News
    medicare
    President Donald Trump signs Republican budget law

    'As Expensive as It Is Cruel': CBO Says Trump-GOP Budget Law Will Explode Deficit by $4.1 Trillion

    "It's a disgraceful law that forces working families to pay the price so the ultra-rich can profit," said Rep. Brendan Boyle.

    Jake Johnson
    Aug 05, 2025

    The nonpartisan Congressional Budget Office on Monday said the Republican budget package that President Donald Trump signed into law last month will push up interest rates and add at least $4.1 trillion to the deficit over the next decade—largely due to the measure's massive tax cuts for the rich and large corporations.

    According to the CBO, growing interest payments on the national debt will account for $718 billion of the estimated $4.1 trillion total deficit increase. Economist Josh Bivens has noted that it would cost the federal government $4.1 trillion to send a $12,000 check to every adult and child in the United States.

    Keep ReadingShow Less
    News
    trump tax cuts
    White House Coverage

    GOP Megalaw Will Mean Tax Hikes for Many Poor Americans as Soon as 2026: Analysis

    "The central fiscal priority in the megabill is to reward the wealthiest Americans with even more tax cuts, but to try to disguise that as a boon for working families," one policy expert told Common Dreams.

    Stephen Prager
    Jul 24, 2025

    The Republican budget law that passed earlier this month—which hands out lavish tax breaks to the wealthiest Americans—will result in increased taxes on the poorest 40% of the country's poorest as early as 2026.

    Many of low-income Americans will already see net losses to their income due to the law's drastic cuts to Medicaid and food stamps. However, most of those cuts will not begin to hit for multiple years.

    Keep ReadingShow Less
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