He said it in public. These are the documents on what happened next. Browse all records.
Why these cases
Trump sold “America First.” This record traces how public money, power, and risk moved toward family businesses, donors, favored firms, and foreign governments: and what workers, ranchers, retirees, patients, veterans, and small investors were left to absorb.
documentedCBO estimated a $3.4 trillion net increase in the unified budget deficit over 2025-2034, excluding macroeconomic and debt-service effects.Congressional Budget OfficeRead record · 1 sourcedocumentedCBO's 2026 outlook estimated that the 2025 reconciliation act would increase total deficits by $4.2 trillion over 2025-2034 relative to its January 2025 baseline after including interest costs and macroeconomic feedback.Congressional Budget OfficeRead record · 1 source
People and impacts
Who gained
CBO found that resources generally increase for households in the middle and toward the top of the income distribution and decrease for households near the bottom.Open cited record
Higher-income households
Who paid or was affected
Current and future U.S. taxpayers and federal borrowers
Lower-income households
Amounts and affected parties
public costConventional projected increase in primary deficits$3.4 trillion conventional estimate
Loss or cost borne by
Current and future U.S. taxpayers and federal borrowers
public costProjected increase in total deficits including interest and macroeconomic feedback$4.2 trillion total-deficit estimate
Loss or cost borne by
Current and future U.S. taxpayers and federal borrowers
The law kept the tax-cut promise but contradicted the platform's fiscal-sanity promise under both CBO measures: a $3.4 trillion conventional primary-deficit estimate and a later $4.2 trillion total-deficit estimate that includes debt-service and macroeconomic feedback. The two figures are alternative scopes and must not be added.