House vs. Senate Tax Bills, Net Deficit Impact FY2025-2034

The House tax bill would increase deficits by $3.8 trillion on net (with $1.4 trillion in net savings from other parts of the bill for a total $2.4 trillion cost). The Senate tax bill would increase deficits by $4.2 trillion on net, $400 billion more than the House.

* = part or all of the policy is temporary in the House bill; ^ = part or all of the policy is temporary in the Senate bill. Dollars are in billions, and reflect the budget effects from FY2025-2034. Totals may not add up due to rounding. Positive dollar totals = increases in deficits. Negative dollar totals = decreases in deficits.
Chart: Andrew LautzSource: Joint Committee on TaxationGet the dataCreated with Datawrapper