uss Vought
@russvought
·
4h
Critics have attacked the House's One Big Beautiful reconciliation bill on fiscal grounds, but I think they are profoundly wrong. It is truly historic. As a nation, we have had no spending cut victories of any consequence in nearly thirty years. In 1997, the Balanced Budget Agreement included roughly $800 billion in mandatory savings adjusted for inflation.
The current House bill includes $1.6 trillion in savings. These are not gimmicks but real reforms that lower spending and improve the programs. The bill satisfies the very red-line test that House fiscal hawks laid out a few weeks ago that stated that the cost of any tax cut could be paid for with $2.5 trillion in assumed economic growth, but the rest had to be covered with savings from reform. This bill exceeds that test by nearly $100 billion.
So after nothing happening for decades, the House bill provides a historic $1.6 trillion in mandatory savings…with a three-seat majority. $36 trillion in debt is not solved overnight. It is solved by advancing and securing victories at a scale that over time, gives a fighting shot to addressing the problem. The House's One Big Beautiful Bill deserves passage for many reasons…tax cuts, border security funding, eliminating the Green New Deal, work requirements to end dependency…but it should not be lost on anyone, the degree to which it ends decades of fiscal futility and gets us winning again. It deserves the vote of every member of Congress.
https://x.com/russvought/status/1923488257888879103