• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

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

by June 10, 2025
written by June 10, 2025

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Greta Thunberg deported from Israel after Gaza-bound ‘selfie yacht’ was seized
next post
Chipotle to launch Adobo Ranch dip after sluggish start to the year

related articles

Europeans meet with Iranian officials face-to-face for first...

July 26, 2025

Trump’s executive order on birthright citizenship blocked by...

July 26, 2025

Michelle Obama portraitist’s exhibit with trans Statue of...

July 25, 2025

House Freedom Caucus conservative to enter race for...

July 25, 2025

Pelosi confident about Dems’ chances to win House,...

July 25, 2025

Pentagon freezes out DC think tanks in new...

July 25, 2025

Trump says SCOTUS immunity ruling likely helps Obama...

July 25, 2025

‘Louder by the hour’: Senate GOP wants the...

July 25, 2025

Grieving parents of American terror victim plead with...

July 25, 2025

SCOOP: Key GOP group starts work on 2nd...

July 25, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • McDonald’s to extend $5 value meal in most U.S. markets as diners return to chain

    July 23, 2024
  • Musk says DOGE set to top $150B in fraud savings in FY 2026

    April 10, 2025
  • Gold and silver: gold again this morning above $2400

    July 29, 2024
  • Trump nominates head of his personal security detail, Sean Curran, to lead Secret Service: ‘A Great Patriot’

    January 23, 2025
  • CFPB expands oversight of digital payments services including Apple Pay and Cash App

    November 22, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,521)
  • Investing (634)
  • Stock (858)

Latest Posts

  • House Oversight ramps up demands for White House to release accurate Biden ‘garbage’ transcript

    November 2, 2024
  • TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

    June 7, 2025
  • Turkish lira and stocks tumble amid global tech woes and political uncertainty

    July 24, 2024

Recent Posts

  • Pelosi hypes up Biden at DNC after reportedly helping to orchestrate his ouster from the race

    August 22, 2024
  • Elon Musk’s political influence: a billionaire’s impact on European democracy

    January 7, 2025
  • SafeMoon and Litecoin: SafeMoon is holding above the EMA 200

    September 12, 2024

Editor’s Pick

  • Republican Erik Olsen to face off against Democrat in deep blue Wisconsin district

    August 14, 2024
  • Parents of American murdered by Hamas make ‘plea’ to Trump after latest hostage release

    February 9, 2025
  • Kraken Rolls Out Commission-Free Stock Trading

    April 21, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock