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.

Some $500 billion in cuts to Medicare could be avoided if Congress instructs the White House budget office to disregard the reconciliation package’s debt impact.

House Republicans passed a federal budget bill by a vote of 215 – 214 in the middle of the night Thursday that includes massive cuts for Medicare and Medicaid in order to extend tax breaks to billionaires.