OMB and CBO may reject the big beautiful bill!

JALD     May 21, 2025 in ASL 37 Subscribers Subscribe


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The "Big Beautiful Bill," a comprehensive legislative package championed by President Trump, is facing rejection by the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) due to concerns about its economic impact and the potential for negative consequences for the economy. The bill's provisions, including tax cuts, funding for deportations, and potential cuts to federal safety net programs, have raised concerns about the nation's debt and the overall stability of the economy. The OMB and CBO are likely to reject the bill due to its potential negative impact on the economy. The CBO has specifically noted that the bill would trigger mandated cuts to the federal budget, potentially impacting Medicare and other essential programs. Link Link

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