For Immediate Release
May 29, 2025
Contact: Taylor Haulsee
WASHINGTON — This afternoon, Speaker Johnson joined Fox News’s America Reports to discuss Senate consideration of the One Big Beautiful Bill, dispel the CBO’s inaccurate estimates, and outline the House’s efforts to codify savings found by the Department of Government Efficiency.
Watch the full interview here
On Senate Consideration of the One Big Beautiful Bill:
I’ve encouraged them to do as little reworking as possible because we have a very delicate balance we’ve maintained in the House, and in the Senate, we both have small majorities. I don’t disagree with my good friend Ron Johnson. He’s right. We have a big national debt problem. But I think what’s being discounted here is the fact that we are achieving the largest amount of savings in the history of government on planet Earth. I mean, we’re going to save over $1.5 trillion in spending. That’s a big, big thing. We didn’t get in this economic situation overnight, and it’s going to take us a while to get out of it, but this would be the biggest, largest, most dramatic turn that we’ve ever had in Congress. And it’s a big achievement.
On the CBO’s history of inaccurate estimates:
They’ve always been off. By way of example, they were off on their projections of the Tax Cuts and Jobs Act in the first Trump administration by $1 trillion. The problem is they do not use what we call dynamic scoring. What that means in layman’s terms is they don’t give us any credit for the extraordinary economic growth that will be spurred along by this bill.
This is a pro-growth package. Lower tax rates, less regulation. We’ll do exactly what we did in the first Trump administration, but this time on steroids. And so we’re going to have an extraordinary growth in the economy. You’re going to have more jobs created, higher wages, more labor participation, and all those things need to be factored in because that’s reality. And by the way, the CBO is giving no credence whatsoever, no calculation at all to the new revenues that are being produced by the Trump tariff policies and all these other things that are happening. We believe we’re going to get the economy going, and this is going to be deficit reducing at the end of the day. It matters how you do the math, and that’s what’s important for everybody to remember.
On House efforts to codify DOGE savings:
I think you’ll find a big appetite across the conference, every Republican in Congress wants to cut fraud, waste, and abuse. We want government to be leaner and more efficient and effective. And the beauty of what DOGE has been able to do, the reason it’s so revolutionary, is because Elon cracked the code. He had access, all the stars aligned. We had a President who was bold enough to do it, and we had somebody with Elon’s talent and capability to come in and have his magic algorithms running through the data to find all these irregularities. And these are things that have been hidden from Congress. We’ve been trying to do our oversight responsibility, but the bureaucracy was hiding these things. And so, this changes the way government works. And Elon’s exactly right, the DOGE effort will go on long beyond his tenure as a temporary assistant in all this. Because it’s changing the way people look at this. And the oversight’s a really important component. And that’s going to be a permanent part of government now, and it’s an exciting thing.
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