The fact that “One, Big, Beautiful Bill” has not crossed the Budget Committee of the Chamber today is not the end of the world. The bill will adopt the house. Bet on it. Invest on it.
President Trump returns from His successful trip from the Middle East And it increases heat on the budget. Publish on the social quotation of truth “” Les Républicains must unite behind, “The One, Big Beautiful Bill!” Not only does this reduces taxes for all Americans, but it will give millions of illegal Medicaid foreigners to protect it for those who really need it. “”
All tax reductions in everyone, deregulation and new laws to reduce expenses will adopt and pass promote an explosion of growth. Speaking of growth, too many Republicans have forgotten the economic power of growth.
The late Grand Jack Kemp stressed that rapid growth would create so much prosperity that the demand for federal spending would decrease, while the economy would continue to develop. Think of expenses on GDP. The numerator breaks down, while the denominator increases, and the burden of federal expenditure for the economy decreases. Using the same logic, the burden of deficits and debt will drop over time while the economy increases.
For example, the Congress Budget Office always assumed that the economy can never increase by more than 2%. But supply sidekers know the opposite. Lower taxes create new incentives to work and invest. Balayage of regulatory obstacles is a boon to businesses and lowering consumer costs.
The director of the NEC at the White House, Kevin Hassett, suggested the other evening, the adoption of the reconciliation bill would increase the growth of 2% CBO to a Trumpian gold age 3% or even better. In round number, more than 10 years, this growth differential is worth something like 4 dollars. It is a major league growth dividend.
From now on, the work requirements for Medicaid, food coupons and other wellness programs are very important, and this will lead to significant budget savings, as in the mid-1990s, when Bill Clinton and Newt Gingrich followed a similar approach to slow down well-being and promote workfare.
Removing illegal extraterrestrials from the government of the government of the government is another good idea. But Republicans must not forget the importance of growth.
