House Reconciliation Bill and Its Impact on Federal Deficit

SOURCE www.factcheck.org
The House reconciliation bill, known as the “One Big Beautiful Bill Act,” would add trillions of dollars to the federal deficit over 10 years despite claims from Republican lawmakers and the White House that it wouldn’t. Independent analyses contradict the assertions made by supporters of the bill.

Key Points

  • Independent analyses contradict claims that the bill won't increase the deficit
  • Republican lawmakers and the White House have downplayed the net cost of the bill
  • The bill faces opposition in the Senate due to its effect on the national debt

Pros

  • Extends 2017 tax cuts
  • Includes other tax cuts
  • Boosts border security funding

Cons

  • Adds trillions of dollars to the federal deficit over 10 years
  • Cuts Medicaid spending