The Tax Law 'Does Not Add to the Deficit.' The CBO Scores It at $3.4 Trillion.

The claim that the 2025 reconciliation law 'does not add to the deficit' is false. The White House counted about $1.6 trillion in spending cuts while ignoring roughly $3.8 trillion in lost tax revenue; the CBO's score of the final enacted law is a $3.4 trillion deficit increase over 10 years, and independent modelers cluster around $3 to $4 trillion. Priya rates it False.