President Trump’s bold economic agenda, centered on the historic pro-growth policies of the One Big Beautiful Bill, is projected to drive strong, real economic growth and restore fiscal stability in America. According to analysis by the Council of Economic Advisers (CEA), President Trump’s pro-growth economic policies combined with efforts to reduce wasteful spending are essential to improving the nation’s fiscal outlook. The President’s economic strategy — including historic tax cuts, rapid deregulation, balanced trade policies, and reduced unnecessary spending — is expected to lower the national debt to 94% of Gross Domestic Product (GDP).
Critics argue that opposing the One Big Beautiful Bill would result in the largest tax increase in U.S. history — $4 trillion — which could push the national debt to 117% of GDP by 2034.
Key findings from the CEA include:
The debt-to-GDP ratio is projected to fall to 94% by 2034 under the Trump plan, compared to 117% under the current trajectory.
The total deficit in 2034 would be nearly halved — at 3.2% of GDP under Trump versus 6.2% under current law — saving the country $1.1 trillion in that year alone.
Primary deficits would turn into surpluses by 2034 under President Trump’s economic agenda with the OBBB.
An updated budget score for the OBBB, factoring in economic growth driven by Trump’s policies, shows a deficit reduction of $755 billion compared to the CBO’s tax hike baseline and $4.5 trillion compared to the current policy baseline.
President Trump’s plan not only aims to grow the economy but also to reduce the debt burden on future generations — a feat that has eluded Washington for decades. While the Biden administration increased the national debt, President Trump’s approach focuses on boosting paychecks for working Americans and restoring fiscal discipline, offering a long-term solution to the nation’s debt challenges. To achieve this historic economic agenda, it is crucial not to let the Trump tax cuts expire and to expand on their success through the One Big Beautiful Bill.
— news from The White House (.gov)
— News Original —
The One Big Beautiful Bill Slashes Deficits, National Debt While Unleashing Economic Growth
President Trump’s bold economic agenda, anchored by the historic pro-growth policies in the One Big Beautiful Bill, will unleash robust, real economic growth and restore fiscal sanity in America.
Analysis by the Council of Economic Advisers (CEA) confirms that President Trump’s pro-growth economic policies and reining in wasteful spending are key to improving the fiscal outlook. President Trump’s proven economic formula — historic tax relief, rapid deregulation, balanced trade, and reining in wasteful spending — will slash our debt down to just 94% of Gross Domestic Product (GDP).
Let’s be clear: A vote against the One Big Beautiful Bill is a vote for the largest tax INCREASE — $4 trillion — our nation has ever faced, which would make our national debt explode to 117% of GDP by 2034.
Key findings from the CEA:
Debt-to-GDP falls to 94% by 2034 under the Trump plan — compared to 117% under Biden’s failed path.
Total deficit in 2034 is cut nearly in half — 3.2% of GDP under Trump vs. 6.2% under current law—saving the country $1.1 trillion in that year alone.
Primary deficits flip to surpluses by 2034 under President Trump’s economic agenda with the OBBB.
An accurate budget score for the OBBB, inclusive of economic growth unleashed by President Trump’s policies, is deficit reduction of $755 billion relative to the CBO’s tax hike baseline and deficit reduction of $4.5 trillion relative to the current policy baseline.
President Trump’s plan doesn’t just grow the economy, it actually reduces the debt burden on future generations — something the D.C. establishment hasn’t done in decades.
While Joe Biden supersized the national debt, President Trump is supersizing hardworking Americans’ pay checks and restoring fiscal sanity, helping solve our debt crisis for the long run. To accomplish the President’s historic economic agenda, we cannot let the Trump tax cuts expire and we must build on their success with the One Big Beautiful Bill.