David Valadao: The One Big Beautiful Bill Was Expected To Raise The National Debt By $3.4 Trillion, Meaning Less Funding Available To Invest In Safety Net Programs And Higher Rates For Housing And Education

The One Big Beautiful Bill Was Estimated To Add $3.4 Trillion To The National Debt Over A Decade, According To The Nonpartisan Congressional Budget Office

NBC News Headline: “Trump's 'Big, Beautiful Bill' Is Projected To Add $3.4 Trillion To The Debt, Budget Office Says” [NBC News, 7/21/25]

The Big Beautiful Bill Was Projected To Add $3.4 Trillion To The U.S. National Debt Over The Next Decade, According To The Nonpartisan Congressional Budget Office. “President Donald Trump’s “big, beautiful bill,” which he signed into law this month, will add $3.4 trillion to the U.S. national debt over the next decade, according to a report the nonpartisan Congressional Budget Office published Monday. The report found that the law, which Republicans passed along party lines, will also “increase by 10 million the number of people without health insurance” by 2034. The budget office scrutinized the final version of the bill after Republicans made a series of last-minute changes to cobble together the votes needed in the Senate; it passed 51-50. That revised version subsequently passed the House on a vote of 218-214. Trump enacted it on July 4.” [NBC News, 7/21/25]

A Higher National Debt Meant Lower Investments In Health Care And Retirement As Well As Higher Rates For Mortgages And Education, Among Other Impacts, According To Experts

Paying Off The Nation's Interest On The Debt Would Make It Harder For The Country To Invest In Retirement Programs, Health Care Programs, Research, And Education, According To Brett Loper, The Vice President Of Policy At The Peter G. Peterson Foundation, A Nonpartisan Organization Studying The Nation's Fiscal Challenges. “If the debt continues to rise at a record rate, taxpayers will feel the impact, said Brett Loper, the vice president of policy at the Peter G. Peterson Foundation, a nonpartisan organization focused on addressing the nation's fiscal challenges. Paying off the nation's interest on the debt would make it harder for the country to invest in programs such as retirement programs, health care programs, research, and education, according to Loper.” [KCRA, 7/23/25]

• Loper Warned A Rising National Debt Would Increase Rates On Loans For Businesses, New Cars, Mortgages, And Education. “The rising debt would also pressure the Treasury Department to divert funding from investing in a new company, startup, or small business, to selling off U.S. Treasuries, Loper said. Since lending is tied to the Treasury rate, interest rates on loans for businesses, new cars, mortgages, and education will also increase. ‘That's where it will really begin to squeeze the economy,’ Loper said. ‘And families at the household level will be able to really feel it as well.’” [KCRA, 7/23/25]