Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, beautiful, bill."

The White House says the House GOP's tax cuts will usher in an economic boom. Top economists say the upside is negligible.

Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade. Despite those projections,

A larger tax cut still will not offset the drag on the U.S. economy caused by tariffs, according to Alec Phillips, chief political economist for Goldman, in an economic research note. The House Budget Reconciliation Bill is expected to reduce individual taxes by 0.

"Put simply, The Big Beautiful Bill will empower Big Beautiful Deportations," the White House said May 17 in a press release after the bill stalled.