The House-passed version of Republicans’ tax and spending bill would add $2.8 trillion to US deficits over the next decade, according to new estimates from the Congressional Budget Office that incorporate the broader impact the legislation would have on the economy and federal budget.

President Donald Trump's tax and budget bill would increase deficits by $2.8 trillion over the next decade after factoring in other economic effects.

Republican’s massive tax and spending bill would increase the U.S. deficit by $2.8 trillion over 10 years when the economic growth of the bill is taken into account, the Congressional Budget Office says.