Source: Washington Post
by Jessica Riedl
“As Republican tax-cut legislation struggles to get through Congress under the weight of its staggering cost, party leaders have responded to criticism by trying to shift the blame. They’re assailing the nonpartisan Congressional Budget Office for the transgression of honestly describing the ugly $2.4 trillion reality of the One Big Beautiful Bill Act, as the legislation is titled. GOP leaders have rallied around the talking point that the CBO’s egghead economists just don’t understand that tax cuts will unleash economic growth so stupendous that the additional tax revenue will offset the bill’s entire cost. What began with a May strategy memo from Newt Gingrich has grown to a chorus of condemnation of the CBO from congressional leaders, the White House press secretary and President Donald Trump. Don’t fall for this spin.” (06/26/25)