The CBO study also warns of trillions of dollars in additional economic impacts, saying President Donald Trump’s recently enacted tax and spending law will add trillions of dollars plus interest to the federal deficit.

It's actually almost unheard of ... that juxtaposition of taking from the poor while giving to the rich,” one analyst said

President Donald Trump’s tax and spending law will add $3.4 trillion to federal deficits through 2034, the Congressional Budget Office reported Monday, a slight increase in the projection that takes into account the final tweaks that Republicans made before getting the legislation over the finish line.