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Tax Foundation · Dec 9, 2025

How Does the OBBBA Impact Debt, Deficits, and Tax Revenue?

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 How Does the OBBBA Impact Debt, Deficits, and Tax Revenue?. Review and take action if applicable to your clients.

Summary

Our modeling indicates the One Big Beautiful Bill Act (OBBBA) will boost economic growth but increase deficits, leading to record high debt in 2028 that rises to 124 percent of GDP by 2034.

Classification

Category: heads upPriority: action neededReason: Contains 'big beautiful bill' - action may be required

Affected Groups

All tax practitioners

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

Read original article

Bottom Line

Summary

Classification

Affected Groups

Related Topics

Original Source