Articles

# MYTHBUSTER: The One Big Beautiful Bill Cuts Spending, Deficit — and That’s a Fact

The White House
June 4, 2025

By every honest metric, President Donald J. Trump’s One Big Beautiful Bill dramatically improves the fiscal trajectory of the United States and unleashes an era of unprecedented economic growth.

HOAX: The One Big Beautiful Bill increases spending.

- FACT: The One Big Beautiful Bill delivers nearly $1.7 trillion in mandatory savings — a fact that even the Congressional Budget Office (CBO) admits is true.
- FACT: This is the highest level of mandatory savings in history — dwarfing spending reductions from similar reconciliation bills in 2005 ($140 billion), 1997 ($800 billion), 1993 ($370 billion), and 1990 ($440 billion) on an inflation-adjusted basis.
- FACT: The One Big Beautiful Bill’s $1.7 trillion savings are permanent changes to the law — meaning these savings will continue long into the future.
- FACT: This is a reconciliation bill — not an appropriations (budget) bill. This means there is no mechanism for including spending reductions on 99% of government operations, which will come in future legislation.

HOAX: The One Big Beautiful Bill adds to the deficit.

- FACT: So-called “forecasts” (including by the CBO) predicting higher deficits are based on a false assumption that President Trump’s 2017 tax cuts will expire. In reality, extending the CURRENT tax rates — which this legislation does — has zero impact on the deficit.
  - If you cite the CBO’s faulty score, you must also cite CBO’s forecast that President Trump’s tariffs will cut the deficit by $2.8 trillion over the next decade. In other words, even the partisan CBO admits the deficit will be slashed by at least $500 billion over the next ten years.
- FACT: Of course, the $1.7 trillion savings is partly offset by one-time spending on border security and additional tax cuts (NO TAX ON TIPS, NO TAX ON OVERTIME) — which brings the net deficit reduction to exactly $1.407 trillion.
- FACT: Upon enactment the bill — and through increased tariffs revenues, discretionary spending cuts, and reversing Biden-era regulations — the Trump Administration will have taken actions that reduce deficits by at least $6.6 trillion over the next decade.

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