CBO Issues Cost Estimate for One Big Beautiful Bill Act
June 18, 2025
June 18, 2025
WASHINGTON, June 18 -- The Congressional Budget Office issued the following dynamic cost estimate for the One Big Beautiful Bill Act (H.R. 1).
Here is a summary:
* * *
The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) previously reported that H.R. 1, the One Big Beautiful Bill Act, as passed by the House of Representatives on May 22, would increase the primary deficit by $2.4 trillion over the 2025-2034 period.1 That est . . .
Here is a summary:
* * *
The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) previously reported that H.R. 1, the One Big Beautiful Bill Act, as passed by the House of Representatives on May 22, would increase the primary deficit by $2.4 trillion over the 2025-2034 period.1 That est . . .