Americans to See Net Gains Under GOP Budget Bill but Deficit Would Rise by $3.8 Trillion: CBO

CBO says the GOP-led budget reconciliation bill would boost resources for U.S. households—at the cost of widening deficits and uneven impacts.

The U.S. Capitol is seen in Washington, on May 20, 2025. Kevin Dietsch/Getty Images

The Congressional Budget Office (CBO) estimates that the One Big Beautiful Bill Act—the GOP-backed reconciliation package—would lead to a net increase in resources to households nationwide over the next decade, but at the cost of a $3.8 trillion increase in the federal deficit.

The CBO’s preliminary distributional analysis, published on May 20, estimates that American households will, on average, have more resources at their disposal under the One Big Beautiful Bill Act between 2026 and 2034.