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Home Speaker Mike Johnson, R-La., mentioned Sunday that President Donald Trump’s megabill can be “jet gas” for the economic system regardless of Democrats’ criticisms.
Johnson, who ceremoniously handed Trump the gavel after the president signed his signature tax cuts and spending package deal into legislation Friday, teased two future payments to be handed throughout the subsequent 12 months. In an look on “Fox Information Sunday,” he mentioned the “large, lovely invoice,” which is “an enormous leap ahead for our priorities,” is step one in a three-tier technique. Johnson expects a second reconciliation invoice by fall and a 3rd by spring earlier than the top of the present Congress.
“I feel we are able to try this, and so you will see extra of us advancing these commonsense ideas to ship that American First agenda for the folks,” Johnson mentioned. “That is what they elected us to do, and this was massively ahead.”
Johnson pushed again on a reported Democratic Congressional Marketing campaign Committee (DCCC) memo claiming Republicans will lose the bulk in 2026 on account of the “large, lovely invoice.”
President Donald Trump shakes palms with Home Speaker Mike Johnson of La., after signing his megabill on the White Home, Friday, July 4, 2025. (AP Photograph/Julia Demaree Nikhinson)
“Our Republicans are going to be out throughout the nation telling the easy reality, and guess what? It is going to be demonstrated,” Johnson mentioned. “Everybody may have extra take-home pay, they’re going to have extra jobs and alternative. The economic system can be doing higher, and we’ll be capable of level to that as the apparent results of what we did. So do not buy into these false speaking factors.”
The speaker dismissed criticisms from Rep. Ro Khanna, D-Calif., and DNC Chair Ken Martin specifically as “outdated, drained speaking factors” which are sometimes used in opposition to any Republican tax laws.
Johnson harassed that the invoice completely extends the 2017 Trump tax cuts, which the speaker claims focused lower- and middle-income Individuals. He mentioned the underside 20% of earners witnessed their lowest federal tax charges in 40 years due to these authentic cuts and mentioned that the brand new megabill expands on that by slicing taxes on suggestions, time beyond regulation pay, and seniors – advantages that he says will assist Republicans in the course of the 2026 midterm elections.
“We’re giving everyone a tax lower,” Johnson advised “Fox Information Sunday” host Shannon Bream. “And that is going to assist the economic system, it is going be jet gas. Small enterprise homeowners, entrepreneurs, risk-takers, the those that present the roles, producers, farmers get help right here, and that can carry the economic system.”
Citing the Council of Joint Financial Advisers, Johnson mentioned the megabill will spur 3% financial development, create 4 million jobs and enhance the common family’s take-home pay by $13,000.
“This can be a good thing for individuals who go to work day-after-day,” Johnson mentioned. “They’ll really feel that. And we’re excited concerning the upcoming election cycle in ’26. As a result of folks can be driving an financial excessive, simply as we did after the primary two years of the primary Trump administration. This time it is on steroids.”
President Donald Trump holds a gavel offered to him by Home Speaker Mike Johnson of La., after he signed his signature invoice of tax breaks and spending cuts on the White Home, Friday, July 4, 2025, in Washington. (AP Photograph/Evan Vucci)
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Johnson additionally responded to criticism from Rep. Glenn Ivey, D-Md., who argued that the megabill makes tax cuts for the wealthiest Individuals everlasting, whereas these for the working class “are time delicate” and “expire in a few years.”
“Now, I do not assume he learn the invoice, it is 940 pages, so I’d give some grace on that,” Johnson mentioned in response to Ivey’s claims.
Bream famous that Ivey was listening whereas the invoice textual content was learn on the Senate ground final Sunday.
Home Speaker Mike Johnson, R-La., factors to President Donald Trump after he signed his signature invoice of tax breaks and spending cuts on the White Home, Friday, July 4, 2025, in Washington, surrounded by members of Congress. (AP Photograph/Evan Vucci)
“Yeah, you are proper, for 19 hours or no matter it took,” Johnson mentioned. “In the event you make between $30,000 and $80,000 a 12 months, you may have a 15% much less federal tax fee. You are going to save more cash, you are going to preserve extra of your hard-earned cash, and that is not going away. So by making all these tax cuts everlasting, it is the most important tax invoice, crucial, most consequential tax invoice that Congress has ever handed due to what it does for individuals who exit and work onerous day-after-day.”
Johnson mentioned the invoice pushes “pro-growth insurance policies” and constitutes the “largest financial savings for the taxpayers in U.S. historical past.”
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“Within the invoice, we’re additionally going to safe the border completely. We’ll return to American power dominance once more, which goes to even be jet gas to the economic system,” Johnson mentioned. “We’re gonna care for peace by means of power as a result of we will give necessary investments in our army industrial complicated, which is able to assist us in our competition with China. There may be a lot on this invoice.”
