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MYTHBUSTER: The One Big Beautiful Bill Cuts Spending, Deficit — and That’s a Fact
Whitehouse.gov ^
| June 4, 2025
| The Whitehouse
Posted on 06/05/2025 1:50:27 PM PDT by SoConPubbie
By every honest metric, President Donald J. Trump’s One Big Beautiful Bill dramatically improves the fiscal trajectory of the United States and unleashes an era of unprecedented economic growth.
HOAX: The One Big Beautiful Bill increases spending.
- FACT: The One Big Beautiful Bill delivers nearly $1.7 trillion in mandatory savings — a fact that even the Congressional Budget Office (CBO) admits is true.
- FACT: This is the highest level of mandatory savings in history — dwarfing spending reductions from similar reconciliation bills in 2005 ($140 billion), 1997 ($800 billion), 1993 ($370 billion), and 1990 ($440 billion) on an inflation-adjusted basis.
- FACT: The One Big Beautiful Bill’s $1.7 trillion savings are permanent changes to the law — meaning these savings will continue long into the future.
- FACT: This is a reconciliation bill — not an appropriations (budget) bill. This means there is no mechanism for including spending reductions on 99% of government operations, which will come in future legislation.
HOAX: The One Big Beautiful Bill adds to the deficit.
- FACT: So-called “forecasts” (including by the CBO) predicting higher deficits are based on a false assumption that President Trump’s 2017 tax cuts will expire. In reality, extending the CURRENT tax rates — which this legislation does — has zero impact on the deficit.
- If you cite the CBO’s faulty score, you must also cite CBO’s forecast that President Trump’s tariffs will cut the deficit by $2.8 trillion over the next decade. In other words, even the partisan CBO admits the deficit will be slashed by at least $500 billion over the next ten years.
- FACT: Of course, the $1.7 trillion savings is partly offset by one-time spending on border security and additional tax cuts (NO TAX ON TIPS, NO TAX ON OVERTIME) — which brings the net deficit reduction to exactly $1.407 trillion.
- FACT: Upon enactment the bill — and through increased tariffs revenues, discretionary spending cuts, and reversing Biden-era regulations — the Trump Administration will have taken actions that reduce deficits by at least $6.6 trillion over the next decade.
TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: economy; tariffs; trump
To: SoConPubbie
That is just a good start
2
posted on
06/05/2025 1:54:53 PM PDT
by
calljack
(Stealing the 2020 Election will go down in history as the worst political miscalculation of all time)
To: calljack
It also passes the “hissy fit” test; any move that throws the ultraleft and their media minions into a raving hissy fit is probably a good move.
3
posted on
06/05/2025 1:58:54 PM PDT
by
Vigilanteman
(The politicized state destroys aspects of civil society, human kindness and private charity.)
To: SoConPubbie
Those pesky facts again.
Too many Freepers are knee jerk lurkers that come out like cicadas and whine.
They are low IQ fake news headline believers.
4
posted on
06/05/2025 2:18:59 PM PDT
by
Fledermaus
("It turns out all we really needed was a new President!")
To: SoConPubbie
Frankly If this thing passes l will be surprised.
5
posted on
06/05/2025 4:41:18 PM PDT
by
iamgalt
To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; BraveMan; cardinal4; ...
6
posted on
06/05/2025 5:56:18 PM PDT
by
SunkenCiv
(The best thing about a muzzie civil war is, everyone wins.)
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