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Distributional Effects of Public Law 119-21

This primary source from Congressional Budget Office supports 2 claims across 2 ledger entries.

Publisher
Congressional Budget Office
Published
2025-08-11
Source quality
primary

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Claims supported by this source

  1. analysisdocumented

    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.

    Summary and income-decile results

    Tax Cuts, Public Debt, Private Gain — Audit finding · Cited analysis

  2. factdocumented

    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.

    Summary and income-decile results

    Tax Cuts, Public Debt, Private Gain — Who gained · Who gained