The CBO estimates its economic effects to be the following:
- Increase the size of the labor force and employment
- Decrease average wages slightly prior to 2025
- Increase average wages in 2025 and beyond
- Slightly raise the unemployment rate through 2020
- Boost the amount of capital investment
- Raise the productivity of labor and of capital
- Result in higher interest rates
- Reduce deficits by $175 billion over the first 10 years
- Reduce deficits by $700 billion in the second decade
