Tuesday, July 8, 2025

$30 billion is not jet fuel for the economy

 

... The new additional senior deduction and other changes in Trump’s “big beautiful bill” may reduce taxation of Social Security benefits by approximately $30 billion per year, estimates the Committee for a Responsible Federal Budget. ...               

$30 billion is 0.10 percent of current GDP of $29,962.00 billion.

House Speaker Mike Johnson wants you to know this is jet fuel for the economy.