Analysis: One Big Beautiful Bill Will Boost Wages, Lower Deficits

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.