American Daily Trade
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
American Daily Trade
No Result
View All Result
Home Latest News

Republicans challenge ‘irrelevant’ budget office as it critiques Trump’s ‘beautiful bill’

by
June 10, 2025
in Latest News
0
Republicans challenge ‘irrelevant’ budget office as it critiques Trump’s ‘beautiful bill’
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Both Republicans and Democrats have used analysis from the nonpartisan Congressional Budget Office as a political cudgel when it suits them, but with unfavorable reviews of President Donald Trump’s ‘one big, beautiful bill’ coming out, some in the GOP are questioning the relevancy of the agency.

The CBO’s latest analysis of the gargantuan tax cut and spending package found that the House Republican-authored super bill would add $2.4 trillion to the national deficit over the next decade and boot millions off of health insurance.

Senate Republicans will now get their chance to tweak and change the legislation, and have vowed to do so, despite warnings from Trump to reshape the bill as little as possible.

Congressional Republicans have largely scoffed at the agency’s findings, arguing that the CBO doesn’t include expected economic growth or other factors into its scoring of the bill.

‘I don’t care what the CBO says,’ Sen. Jim Banks, R-Ind., told Fox News Digital. ‘They’re irrelevant to me. They were biased before. They’ve been biased in other things, but all the numbers speak for themselves.’

The agency’s latest score found that the House’s reconciliation offering would cut $1.2 trillion over a decade, add $2.4 trillion to the deficit and decrease revenues by $3.6 trillion. It also found that if the GOP’s proposals to slash Medicaid stay as is, nearly 11 million people would be booted from their health care.

That number cranks up to about 16 million Americans removed from the benefit rolls when factoring in Affordable Care Act provisions that are set to expire. 

However, the White House declared the CBO scores inaccurate, and argued that the package achieved, through a combination of spending cuts, reversing regulations ushered in by the Biden administration and tariffs – which are not part of the bill – roughly $6.6 trillion in savings over the next decade.  

Many raised issues with the agency’s accuracy, arguing that they got the score wrong for Trump’s 2017 tax package.

‘I mean, I heard the numbers are always wrong,’ said Rep. Troy Nehls, R-Texas. ‘What’s the purpose?’

Rep. Pat Fallon, R-Texas, agreed, and contended that it was ‘time to discuss the CBO being more damn accurate.’ 

Still, some Republicans believe the CBO serves a purpose.

Sen. Lisa Murkowski, R-Alaska, said she didn’t believe the agency should be done away with, adding ‘we need to have a source for scores.’

‘We kind of go back and forth in terms of condemning CBO because we hate their score, or praising CBO because we like the outcome,’ she said. ‘And I think that’s what we’re seeing a lot of right now, is looking at that CBO score and saying, ‘That’s not real.’’

Other lawmakers questioned what the alternative would be. Sen. Roger Marshall, R-Kan., told Fox News Digital, ‘We need something,’ but acknowledged that he felt the agency was biased, and that both parties used scores ‘to our manipulation.’

Sen. Ron Johnson, R-Wis., believes that the agency’s score was wildly incorrect. Still, he is one of the main antagonists of the current bill because it does not go far enough to achieve deep spending cuts.

The lawmaker told Fox News Digital that he believed the 50-year-old agency would soon be a relic of the past.

‘I think just AI is gonna replace them,’ he said. ‘I’m using AI all the time to do the sensitivity analysis. I don’t need CBO to do these sensitivity analyses anymore, I can do it myself.’ 

This post appeared first on FOX NEWS
Previous Post

GOP unveils new weapon to help slash billions in government waste as Republicans rally behind Trump’s plan

Next Post

‘He’s like Iron Man’: Jensen Huang lit up London Tech Week — and we were in the room

Next Post
‘He’s like Iron Man’: Jensen Huang lit up London Tech Week — and we were in the room

‘He’s like Iron Man’: Jensen Huang lit up London Tech Week — and we were in the room

  • Trending
  • Comments
  • Latest
Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

October 24, 2024
Judicial nominee shuts down ‘wildly inaccurate’ claims that he’s Trump’s ‘henchman’

Judicial nominee shuts down ‘wildly inaccurate’ claims that he’s Trump’s ‘henchman’

June 25, 2025
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 24, 2024
Revealed: The extensive perks UN officials receive amid budget crisis

Revealed: The extensive perks UN officials receive amid budget crisis

0
Trump attacks Harris with racist stereotype, eyes ‘extreme power’ as president

Trump attacks Harris with racist stereotype, eyes ‘extreme power’ as president

0
Kamala Harris’s narrow opening with GOP-leaning voters

Kamala Harris’s narrow opening with GOP-leaning voters

0
Obama rallies with Walz in Wisconsin: ‘America is ready to turn the page’

Obama rallies with Walz in Wisconsin: ‘America is ready to turn the page’

0
Revealed: The extensive perks UN officials receive amid budget crisis

Revealed: The extensive perks UN officials receive amid budget crisis

June 29, 2025
Trump administration takes on new battle shutting down initial Iran strike assessments

Trump administration takes on new battle shutting down initial Iran strike assessments

June 29, 2025
Schumer forces reading of Trump’s entire ‘big, beautiful bill’ as Senate braces for all-nighter

Schumer forces reading of Trump’s entire ‘big, beautiful bill’ as Senate braces for all-nighter

June 29, 2025
Trump, lawmakers react after ‘big, beautiful bill’ clears Senate hurdle

Trump, lawmakers react after ‘big, beautiful bill’ clears Senate hurdle

June 29, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Revealed: The extensive perks UN officials receive amid budget crisis

    Revealed: The extensive perks UN officials receive amid budget crisis

    June 29, 2025
    Trump administration takes on new battle shutting down initial Iran strike assessments

    Trump administration takes on new battle shutting down initial Iran strike assessments

    June 29, 2025
    Schumer forces reading of Trump’s entire ‘big, beautiful bill’ as Senate braces for all-nighter

    Schumer forces reading of Trump’s entire ‘big, beautiful bill’ as Senate braces for all-nighter

    June 29, 2025
    Trump, lawmakers react after ‘big, beautiful bill’ clears Senate hurdle

    Trump, lawmakers react after ‘big, beautiful bill’ clears Senate hurdle

    June 29, 2025

    Top News

    Revealed: The extensive perks UN officials receive amid budget crisis

    Revealed: The extensive perks UN officials receive amid budget crisis

    June 29, 2025
    Trump administration takes on new battle shutting down initial Iran strike assessments

    Trump administration takes on new battle shutting down initial Iran strike assessments

    June 29, 2025

    Latest News

    • Revealed: The extensive perks UN officials receive amid budget crisis
    • Trump administration takes on new battle shutting down initial Iran strike assessments
    • Schumer forces reading of Trump’s entire ‘big, beautiful bill’ as Senate braces for all-nighter
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Americandailytrade.com. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Latest News

    Copyright © 2024 Americandailytrade.com. All Rights Reserved.