US debt outstanding $40,032,876,505,819
The Real Steal
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The 2025 tax-and-spending law — Tax cuts up top, paid for with your health care and groceries — plus $3.4 trillion in new debt.

The 2025 tax-and-spending law

Tax cuts up top, paid for with your health care and groceries — plus $3.4 trillion in new debt.

On July 4, 2025, Congress made the 2017 individual cuts permanent and added more — $3.4 trillion in new deficits over ten years, by the government's own score.

To cover part of it, they cut $840 billion from Medicaid and nearly $300 billion from food stamps — the deepest cuts in each program's history — and 10 million more people end up uninsured by 2034.

The result, straight from CBO's table: the poorest tenth of households loses about $1,200 a year. The richest tenth gains $13,600. Everything in between slopes the same way.

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Under the 2025 law, the government's own math shows the poorest tenth paying for the richest tenth's raise.

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