The White House projected that the tax provisions in the Senate version of the One Big Beautiful Bill Act would reduce deficits by up to $2.3 trillion because of the economic growth spurred by the legislation.

The Council of Economic Advisers released its latest analysis of the Senate’s reconciliation legislation on Wednesday morning. The agency said that the bill would result in a $2.1 to $2.3 trillion deficit reduction over a decade due to the growth sparked by the tax provisions.

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The CEA estimates differ from those of other budget analysts, who have found that the combined tax and spending measures would actually increase deficits.

The CEA report additionally found that $1.3 to $3.7 trillion in additional offsetting deficit reduction over 10 years was brought on by higher growth from deregulation and energy policies enhanced by the legislation.

Over the decade, the analysis concluded that there would be $8.5 to $11.1 trillion in total offsetting deficit reduction “from Trump economic policies anchored by the OBBB, including discretionary spending reductions and tariff revenue.”

In the bill’s first four years of implementation, the White House agency predicts 4.6% to 4.9% higher gross domestic product growth, a figure that assumes about 1.1% to 1.2% higher average GDP growth per year.

The CEA also projects $4,000 to $7,200 higher annual real wages per worker in the first four years and $7,600 to $10,900 higher annual after-tax take-home pay for a family with two children at home.

The rosy numbers will help buttress arguments from President Donald Trump, House Speaker Mike Johnson (R-LA), and Senate Majority Leader John Thune (R-ND) that the tax and spending legislation will boost growth without harming the government’s finances.

But modeling from outside groups has painted a less positive picture of the legislation in question, which already passed the House and has been altered in the Senate, notably by making permanent key growth-friendly business provisions.

The congressional Budget Office has not yet released a score for the Senate version of the legislation, but it found that the House bill would add $2.4 trillion to the deficit.

SALT REPUBLICANS COULD SCORE POLITICAL WIN IN FIGHT WITH SENATE GOP

The Tax Foundation scored the tax provisions in the Senate version of the One Big Beautiful Bill legislation and found that the tax plan would reduce federal tax revenue by $4.7 trillion between 2025 and 2034. When accounting for growth, that number would drop to $3.8 trillion.

The Committee for a Responsible Federal Budget, which advocates for reining in debt and deficits, found that the Senate’s proposed tax cuts would increase deficits by $4.2 trillion.