Tax Policy & Economic Impact - The speaker disagrees with the initial deficit numbers, citing temporary measures in the House bill that appear to raise revenue but could cause a recession [1] - The speaker suggests that achieving 3% growth instead of 18% (likely a typo and should be 1.8%) would add $4 trillion to revenue, making the bill a deficit reducer [1] - The speaker claims the bill represents the biggest tax cut in history and will be incredibly positive for the budget with a little bit of growth [2] Government Spending & Budget - The speaker mentions discretionary spending rescissions planned for the Senate, potentially amounting to $160 billion this year [2] - The speaker suggests that $160 billion in rescissions would have a deficit impact of $1600 billion (10 times $160 billion) [3]

President Donald Trump’s $4.5 trillion tax cut bill prevailed in a crucial Senate test vote after hours of negotiations between Vice President JD Vance and GOP leaders and Republican holdouts. https://t.co/hZA002LmuK ...

You, of course, just left the East Room where President Trump held this one big, beautiful event celebrating a bill that has yet to pass the Senate or repass the House. And obviously the parliamentarian in the Senate has thrown up some hurdles today. Is the parliamentarian making this effort harder, making it harder to meet the president's deadline of July 4th.I think reconciliation has a process and we all respect the process. So I think they just going through the way they do things in the Senate and I th ...