President Donald Trump signs his signature bill of tax breaks and spending cuts at a July 4 ceremony at the White House. Credit: AP/Evan Vucci ALBANY — Taxes should go down for the average Long Islander under the new federal megabill,

The Congressional Budget Office has estimated that the bill will add $3.4 trillion to the national debt and increase by 10 million the number of people without health insurance

A new report finds that President Donald Trump's One Big Beautiful Bill Act could add $100 billion more to the debt than expected, while 10 million people are expected to lose their health care coverage.