The nonpartisan Congressional Budget Office on Wednesday released a revised estimate of the cost of President Donald Trump's tax-cut bill passed by the U.S. House of Representatives, concluding it will add $2.

There is no compelling economic rationale for this bill in its current form. Congress is poised to pass a reconciliation bill, politically dubbed the “One Big, Beautiful Bill,” that could do serious harm to America’s economic future.

President Donald Trump’s big bill is likely to unleash trillions in tax cuts and slash spending, but also spike deficits by $2.4 trillion over the decade and leave some 10.9 million more people without health insurance.