Trump: “We’re not doing any cutting of anything meaningful. The only thing we’re cutting is waste, fraud and abuse.” (May 20)
The Truth: Over the next decade spending on Medicaid will be reduced by about $600 billion and approximately 10.3 million people will be dumped from the rolls. That is according to the Congressional Budget Office.
and
Karoline Leavitt (White House Press Secretary) The bill “...also helps to get our fiscal house in order by carrying out the largest deficit reduction in nearly 30 years with $1.6 trillion in mandatory savings.” (May 22)
The Truth: The Congressional Budget Office has estimated that the bill will increase the federal deficit by well over $1 trillion. The Penn Wharton Budget Model, the Tax Foundation, and the Committee for a Responsible Federal Budget all foresee an increase in the budget deficit of over $1 trillion.
As the conspiracy theorists often say: Do your own research.
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