Estimated Budgetary Effects of an Amendment in the Nature of a Substitute to H.R. 1, the One Big Beautiful Bill Act, Relative to CBO's January 2025 Baseline
Cost Estimate
As posted on the website of the Senate Committee on the Budget on June 27, 2025
CBO estimates that enacting the substitute amendment would not increase on-budget deficits after 2034 relative to CBO's January 2025 baseline budget projections and updated to reflect enacted legislation.
