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President Donald Trump’s signature tax legislation—the One Big Beautiful Bill Act—is expected to contribute to economic growth more than initially expected, the White House said.
The Council of Economic Advisers released the 2026 Economic Report of the President on April 13. The annual report offers a detailed assessment of the president’s policies over the past year and their effects on current and future economic conditions.
This year, officials concentrated on 14 topics, most notably the economic and fiscal effects of the president’s landmark bill, from gross domestic product (GDP) to inflation-adjusted wages.
Over the next four years, the White House now expects the bill to bolster real GDP by 4.9 percent, from the initial estimate of 4.6 percent….
The Council of Economic Advisers released the 2026 Economic Report of the President on April 13. The annual report offers a detailed assessment of the president’s policies over the past year and their effects on current and future economic conditions.
This year, officials concentrated on 14 topics, most notably the economic and fiscal effects of the president’s landmark bill, from gross domestic product (GDP) to inflation-adjusted wages.
Over the next four years, the White House now expects the bill to bolster real GDP by 4.9 percent, from the initial estimate of 4.6 percent….
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