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Johnson Challenges CBO Debt Projections in Defense of Trump’s Budget Bill

He argues that sweeping cuts combined with extended tax measures will spur economic growth despite analysts warning the plan could add trillions to the debt.

President Donald Trump speaks during a swearing in ceremony for interim U.S. Attorney General for the District of Columbia Jeanine Pirro, Wednesday, May 28, 2025, in the Oval Office of the White House in Washington. (AP Photo/Evan Vucci)
FILE - Elon Musk flashes his T-shirt that reads "DOGE" to the media as he walks on the South Lawn of the White House, in Washington, March 9, 2025. (AP Photo/Jose Luis Magana, File)
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Speaker of the House Mike Johnson (R-LA) speaks to the media at the U.S. Capitol on May 22. Photo: Kevin Dietsch/Getty Images

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.