The package would reduce federal outlays, or spending, by $1.3 trillion over that period, the budget office said.

The CBO also estimates an increase of 10.9 million people without health insurance under the bill, including 1.4 million who are in the country without legal status in state-funded programs.

President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be singed into law by Independence Day