Sen. Ron Johnson tears into White Houses misleading claims about the true cost of Trumps big beautiful bill

Sen.Ron Johnson (R-Wis.), a former accountant, unveiled a detailed analysis of the One Big Beautiful Bill Act and concluded that the Republican-backed measure will blow up the deficit — despite opposite claims coming from the White House about its budgetary effects.Johnson’s 31-page analysis ran through multiple projections of the tax-and-spending megabill’s impact before accusing the White House of “misleading” budgeting tricks to paint a rosier picture of the marquee agenda package.The deficit will increase by a whopping $24.1 trillion over the next 10 years and at least $3 trillion of that would come from the GOP’s bill, according to the analysis which cites the Congressional Budget Office’s scoring of the legislation.His analysis also ripped into a recent White House memo suggesting that there are plans to slash the deficit by $6.7 trillion to $6.9 over the next 10 years through tariff revenue and discretionary spending cuts.In reality, he found the best-case scenario would see a $2.5 trillion reduction over the next 10 years to the “current law” baseline from those policies.But he later cautioned that the best-case scenario isn’t even likely because Democrats will almost certainly challenge the planned discretionary cuts and the courts may shut down President Trump’s tariffs.“It’s my humble attempt not being a professional economist, to just lay out what we ought to be looking at,” Johnson told reporters Wednesday.

“The kind of information we ought to be analyzing as we move forward to pass a very consequential, massive piece of legislation.”The Badger State senator gave his analysis to the Trump’s economic adviser Kevin Hassett last week to give the Trump administration a chance to spot any errors in his analysis.“I hope this report sparks the debate,” Johnson told reporters.“I hope this report causes other economists to bring forward their scenarios, because right now, but all we rely on is that the black hole of the ...