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Estimated Budgetary 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
2025-07-21
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 total row

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

  2. factdocumented

    CBO estimated a $3.4 trillion net increase in the unified budget deficit over 2025-2034, excluding macroeconomic and debt-service effects.

    Summary and total row

    Tax Cuts, Public Debt, Private Gain — Outcome · Outcome