In an interview with NBC's Kristen Welker, Republican Speaker Mike Johnson defended Trump's big bill, warning that its failure could trigger unprecedented tax hikes for Americans. Johnson disputed claims of increased debt, asserting that they overlook substantial potential economic growth that would mitigate such increases. Challenges regarding the bill's impact on different income brackets were met with Johnson's firm rebuttals, highlighting previous tax cuts benefiting lower-income groups. He criticized reliance on the Congressional Budget Office's (CBO) projections as overly pessimistic regarding future economic growth.
Johnson insisted that the 'big, beautiful bill' was crucial, claiming its failure would lead to the largest tax increase in U.S. history for all Americans.
When challenged on CBO projections, Johnson argued they underestimate economic growth that could offset debt increases, emphasizing the need to look at the full picture.
Despite skepticism about the bill's impact on lower-income households, Johnson defended it, asserting that past tax cuts primarily benefited the lowest income Americans.
Johnson repeatedly dismissed concerns raised by experts and specific projections, arguing instead that optimistic growth should be factored into discussions about potential debt.
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