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Furthermore, the Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) previously reported that H.R. 1, the One Big Beautiful Bill Act, as passed by the House of Representatives on May 22, would increase the primary deficit by 2.4 trillion over the 2025-2034 period. 1 That estimate reflects a 3.7 trillion reduction in revenues and a 1.3 trillion reduction in noninterest ... This aspect of Cbo Projects Debt Budget Deficit Increase Through 2035 plays a vital role in practical applications.

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Moreover, the Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) previously reported that H.R. 1, the One Big Beautiful Bill Act, as passed by the House of Representatives on May 22, would increase the primary deficit by 2.4 trillion over the 2025-2034 period. 1 That estimate reflects a 3.7 trillion reduction in revenues and a 1.3 trillion reduction in noninterest ... This aspect of Cbo Projects Debt Budget Deficit Increase Through 2035 plays a vital role in practical applications.

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