So much for the party of "fiscal responsibility."

Senate Committee on Appropriations · March 12, 2026

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Question about 10-year cost

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Committee member asked what effect the bill (called "the big beautiful bill") has on debt over a 10-year budget window, initiating a request for a CBO estimate.

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A committee member and a staff speaker exchanged estimates that the bill dubbed "the big beautiful bill" would add roughly $4.7 trillion to deficits over 10 years and between $30 trillion and $50 trillion to long-term national debt, and warned it could crowd out spending on health care, housing, education and transportation.

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