White House Projects Economic Growth With One Big Beautiful Bill Act

President Donald Trump holds up the One, Big Beautiful Bill Act that was signed into law during an Independence Day military family picnic on the South Lawn of the White House in Washington on July 4, 2025. Alex Brandon/Pool/Getty ImagesPresident 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.