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Trump’s New Tax Bill Could Add $2.4 Trillion to the Deficit — Here’s What It Means for North County Families

A Closer Look: How Trump’s Tax Proposal Could Affect North County San Diego


Capitol Hill affecting north county

The Congressional Budget Office (CBO) just released its analysis of former President Trump’s proposed tax and spending bill—and the numbers are hard to ignore.


The bill could:


  • Add $2.4 trillion to the national debt over the next decade

  • Result in 10.9 million more Americans losing health coverage by 2034


For families, small businesses, and retirees here in North County San Diego—from Encinitas to Carlsbad, Vista to Oceanside—this proposal could have serious financial ripple effects.


National Deficit, Local Impact


While trillions in federal debt may sound abstract, these policy shifts can directly affect:


  • Interest rates on mortgages

  • Government funding for schools and infrastructure

  • Healthcare access for lower- and middle-income residents


Small business owners and self-employed professionals in areas like Solana Beach or San Marcos may also feel the squeeze if deductions shift or insurance premiums rise.


What About Healthcare?


The CBO projects that millions of Americans would lose insurance coverage under the bill due to rollbacks in Affordable Care Act subsidies and Medicaid reductions.


If you rely on Covered California plans—or if your children are covered through Medi-Cal—this could affect both eligibility and premium costs.


Tax Cuts… But for Whom?


The bill includes extensions of previous Trump-era tax cuts, which can help higher-income households and business owners. However, the benefits for middle-income families in North County are less clear, especially when weighed against potential losses in services or healthcare support.


Why This Matters to You


Whether you’re:


  • A family in Encinitas budgeting for private school and healthcare

  • A business owner in Vista navigating deductions and payroll

  • A retiree in Carlsbad living on fixed income and Social Security…


…this tax bill could influence your financial planning, insurance choices, and even real estate decisions.


What to Watch


As your local tax advisors at Cardiff Tax Pros, we’re tracking:


  • Which deductions and credits will stay or go

  • How proposed Medicaid changes could affect local coverage

  • Whether the bill passes as-is or with modifications


Final Thoughts


Federal policy isn’t just something that happens in D.C.—it flows down to your family, your business, and your bottom line.

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