Overview

• The CEA analysis projects a $2.1‒$2.3 trillion deficit reduction over ten years driven by economic growth from the bill’s permanent tax cuts.
• That report also estimates $8.5‒$11.1 trillion in additional deficit reduction from Trump administration policies on discretionary spending and tariffs.
• The White House foresees a 4.6%‒4.9% GDP boost in the first four years and $4,000‒$7,200 higher annual real wages per worker.
• Independent scores from the CBO, Tax Foundation and Committee for a Responsible Federal Budget warn the legislation could add $2.4 trillion in deficits or cut revenue by up to $4.7 trillion.
• Senate Republicans are negotiating tax, spending and Medicaid reforms under a July 4 deadline in preparation for finalizing the reconciliation package.