The analysis by the nonpartisan Congressional Budget Office also found that the version of the bill passed by the House last month would lead to nearly 11 million people going uninsured.
Musk joined with GOP critics who say the multi-trillion dollar plan to enact the president's domestic priorities doesn't go far enough to cut federal spending.
NPR's Steve Inskeep speaks with Sen. Jeff Merkley, D-Ore., about President Trump's budget bill, his own concerns about the legislation, and some of the changes he hopes to see.
The House version of the tax bill would revoke credits for EVs starting at the end of this year. If the plan survives, it would dramatically shape automaker investments and EV sales.
NPR's Steve Inskeep speaks with Republican strategist and former U.S. Senate staffer Ron Bonjean about the path in the Senate for President Trump's tax and spending agenda.
GOP leaders hope to have the sweeping bill to President Trump's desk by July 4, but some Senate Republicans are speaking out about what the bill would mean for the debt and Medicaid.
NPR asked researchers, advocates, tax experts, a parent and a public school leader for their thoughts on this first-of-its-kind national voucher plan. Here's what they said.
At the center of the sweeping bill is trillions in tax cuts, which Republicans aim to partially offset through changes to safety net programs like Medicaid and SNAP.
Three key committees are putting pen to paper on Trump's "big beautiful bill." But lawmakers are at odds over policies with far-reaching impacts on Americans' wallets and, for many, their health care.
The Republican proposal would eliminate Grad PLUS loans, set strict limits on Parent PLUS loans and create a system in which colleges would be on the hook if their students don't repay their loans.
The vote brings Republicans a step closer to finalizing a sweeping plan to address defense, energy, immigration and tax policy. But a number of potential wildcards must still be sorted out.
