House Republican leadership has touted the bill’s more than $1.5 trillion in total spending cuts, more than half of which — $900 billion — was achieved in the Energy panel’s markup, but Roy and others don’t view that as enough to offset a $4 trillion debt ceiling hike included in the legislation. “We all want tax relief, particularly for hardworking Americans and small businesses, but I’m not going to get put over the barrel because everybody’s freaking out that we got to deal with the taxes, especially at the top end of the bracket and so forth, if we’re not doing what we need to do on the spending side,” Roy told Bannon. The nonpartisan Committee for a Responsible Federal Budget (CRFB) has projected that the overall bill will add as little as $3.3 trillion to the deficit in the next decade — or as much as $5.2 trillion if the tax cuts are made permanent.
Author: Josh Christenson
Published at: 2025-05-17 20:47:35
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