Distributional Effects of Public Law 119-21

Reporting cited here

1. documented

   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. documented

   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