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flag CBO warns Trump's law could lead to $491 billion in Medicare cuts by 2034 due to increased deficits.

flag The Congressional Budget Office (CBO) warns that President Trump's tax and spending law could trigger $491 billion in automatic cuts to Medicare from 2027 to 2034 unless Congress intervenes. flag This is due to a 2010 law mandating cuts when the federal deficit increases. flag Despite promises not to cut Medicare, the new law is projected to add $3.4 trillion to the federal deficit over the next decade.

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