Estimated Budgetary Effects of Public Law 119-21, Relative to CBO's January 2025 Baseline
- Publisher
- Congressional Budget Office
- Published
- 2025-07-21
- Type
- official document
- Link
- https://www.cbo.gov/publication/61570
- Last checked
- 2026-10-26
- Rights
- public domain — we link and describe; we do not republish the text.
Cited in
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Taxes and Public Finance
The 2026 deficit: $1.99 trillion in Treasury's year-end books, and what CBO says the 2025 tax law adds
Treasury's final fiscal 2026 statement shows a $1,992 billion deficit, about $160 billion above fiscal 2024 as first reported; CBO estimates the 2025 tax law adds $4.1 trillion to deficits over ten years with interest.