Overview
- The budget proposal remains stalled in the Senate as lawmakers express concern over its impact on the national debt.
- The Congressional Budget Office projects the bill will add nearly $400 billion to the deficit over the next decade.
- Joint Committee on Taxation analysts forecast annual economic growth of just 0.03% under the plan.
- On NBC’s Meet the Press, Johnson disputed the CBO’s accuracy and said $1.6 trillion in spending cuts will drive significant expansion.
- Critics including Senate Republicans and Elon Musk warn the legislation could swell long-term debt.