House Speaker Mike Johnson (R-La.) praised President Donald Trump\u2019s recently signed tax cuts and spending package, calling it \u201cjet fuel\u201d for the economy despite Democratic criticism. Johnson, who ceremonially handed Trump the gavel after the bill\u2019s signing, described the legislation as \u201ca huge leap forward\u201d and the first phase of a three-part economic strategy. He anticipates two more reconciliation bills\u2014one this fall and another by next spring\u2014before Congress adjourns.<\/p>\n
On \u201cFox News Sunday,\u201d Johnson dismissed Democratic claims that the bill would cost Republicans their majority in 2026. Instead, he predicted the legislation would boost take-home pay, create jobs, and improve the economy. Johnson rejected criticisms from Rep. Ro Khanna and DNC Chair Ken Martin as \u201cold, tired talking points\u201d commonly used against Republican tax measures.<\/p>\n
Johnson emphasized that the bill permanently extends the 2017 Trump tax cuts, which benefited lower- and middle-income Americans, particularly by lowering taxes on tips, overtime pay, and seniors. Citing the Council of Economic Advisers, he said the bill is expected to drive 3% economic growth, create 4 million jobs, and increase average household take-home pay by $13,000.<\/p>\n
Addressing Rep. Glenn Ivey\u2019s criticism that tax cuts favoring the wealthy are permanent while those for working-class Americans are temporary, Johnson pushed back, saying, \u201cIf you make between $30,000 and $80,000 a year, you can have a 15% less federal tax rate\u2014and that\u2019s not going away.\u201d<\/p>\n
Johnson concluded the bill is \u201cthe largest, most consequential tax bill Congress has ever passed\u201d for hardworking Americans.<\/p>\n
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