Stated on June 24, 2025 in a White House fact sheet:
If the “Big Beautiful Bill” passes, "hardworking Americans and families will see an average increase in take-home pay of OVER $10,000 per year."
The White House said if the "Big Beautiful Bill" passes, "hardworking Americans and families will see an average increase in take-home pay of OVER $10,000 per year."
The Council of Economic Advisers, an arm of the White House, projected that during the first four years after the bill’s passage, take-home pay for a family of four would rise by a minimum of $7,600 to a maximum of $10,900 annually, or by slightly smaller amounts if a proposed tax cut for overtime is removed from the calculation. In the 10th year after the bill’s passage, it projected incomes would rise by $5,503 to $9,070.
But the White House plucked the highest end of the Council of Economic Advisers’ projection, which was not a single figure but a range.
Also, the Council of Economic Advisers’ analysis is based on much higher projections about how much the bill would boost gross domestic product than independent analyses found.
Mostly False.