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One Big Beautiful Bill Act will add $4.7 trillion to deficits: CBO

By Zach Halaschak
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The One Big Beautiful Bill Act, passed by Republicans and signed by President Donald Trump last year, will add $4.7 trillion to deficits through 2035, according to the Congressional Budget Office.

The numbers were released Wednesday as part of the nonpartisan congressional scorekeeper’s annual budget and economic update, which includes projections for the debt, spending, inflation, and GDP.

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Budgets and Deficits Congress Congressional Budget Office Debt Deficit Economy National Debt One Big Beautiful Bill Taxes Trump Administration Washington D.C.