Source: Joint Committee on Taxation; Congressional Budget Office; Tax Policy Center macroeconomic models.
Notes: Fiscal year. Estimates compare economic outcomes under the law currently in place as of January 1, 2025 to a policy adopts all tax and spending provisions of H.R.1, the One Big Beautiful Bill Act, as passed by the House.
For more information on TPC's baseline definitions, see http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm .