Sen. John Hoeven, R-N.D., told Newsmax on Saturday that the House did a good job reducing spending by $1.5 trillion. But he said the Senate will do better. Hoeven told America Right Now that people will take notice. “We’d like to do at least $2 trillion. The House did $1.5 trillion.
Hoeven said it’s a two-sided equation with increased revenue from spending cuts as the balancing element. “These tax cuts will have a dynamic effect on our economy. We estimate, I think, joint tax has it at about another $2 trillion,” he said. “And if you look back at the first time we did the Tax Cut and Jobs Act, that generated $1.7 trillion more in revenue than CBO (Congressional Budget Office) gave credit for. You’ve got to look at both.”
The North Dakota Republican said there’s been some talk about potentially breaking up the One Big Beautiful Bill. But he predicts that won’t happen since the driving force remains President Donald Trump.
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