Settings

Theme

Estimated Budgetary Effects of H.R. 1, the One Big Beautiful Bill Act

cbo.gov

7 points by totaldude87 10 months ago · 3 comments

Reader

jfengel 9 months ago

The big number is in cell O70: Estimated revenues 2025-2034 down $3,764,990,000,000. That is the size of the tax breaks.

All of the other numbers pale in comparison. You can take $284 billion from Agriculture and $349 billion from Education and Workforce, and it's still dwarfed by the giant negative number. Even cutting a trillion dollars from Energy and Commerce doesn't cover the fact that on balance, this is a massive increase in the deficit and the debt -- while utterly destroying the ability of the government to provide any actual benefits for all of that spending.

duxup 10 months ago

The party of fiscal responsibility would like to add $2.4 Trillion in debt to the deficit. And that's with massive cuts to spending, healthcare, etc ...

Keyboard Shortcuts

j
Next item
k
Previous item
o / Enter
Open selected item
?
Show this help
Esc
Close modal / clear selection