President Donald J. Trump’s One Big Beautiful Bill will boost real wages, reduce the deficit, produce meaningful economic growth, and bring stability to the national debt, according to a new analysis by the Council of Economic Advisers.
Here are the topline findings:
- Real wages for workers will increase by as much as $7,200 per year.
- After-tax take-home pay for a typical family with two kids will increase by as much as $10,900 per year.
- Real investment will increase by as much as 10%.
- At least 1.1 percentage points added to annual real GDP growth.
- 7 million jobs will be protected and created.
Moreover, as a result of President Trump’s economic agenda:
- The deficits will be reduced by as much as $11.1 trillion — including as much as $5.2 trillion from economic growth, $1.6 trillion from discretionary spending cuts, $2.8 trillion from tariff revenue, and as much as $1.5 trillion from interest savings.
- The debt-to-GDP will fall to between 88% and 99% — versus rising to 117% if the Trump Tax Cuts aren’t extended in the One Big Beautiful Bill.