Tuesday, 16 Sep 2025

Price tag estimate for House GOP tax package rises to $3.94T

The estimated revenue impact of the GOP tax plan is estimated at about -$3.94 trillion, according to a document issued by the Joint Committee on Taxation.


Price tag estimate for House GOP tax package rises to $3.94T

"The problem with all of these studies is they willfully ignore current tax policy. You can't do that and be taken seriously," an Office of Management and Budget spokesperson indicated.

Fox News Digital reached out to the Joint Committee on Taxation for comment, but no comment had been provided by the time of publication.

The measure cleared the chamber with zero Democrat votes, and two House Republicans - Reps. Thomas Massie of Kentucky and Warren Davidson of Ohio -  voting against it.

Some Senate Republicans have indicated that they would not be willing to support the measure as it stands coming out of the House.

Last week, Trump hailed the House's passage of the proposal, calling for the Senate to pass it as well.

"Since when have libertarians argued that NOT raising taxes 'costs' the government money? Private money yet to be earned does not "belong" to the government. This is a Democrat-collectivist argument and I'm shocked to see libertarians deploying it. Under this ludicrous theory, one could raise taxes to 90% on everyone and declare the deficit solved. BBB cuts taxes, cuts spending, reforms welfare and *ends mass migration*," he declared.

you may also like

Archaeologists make 'significant' discovery near biblical pool where Jesus healed a blind man
  • by foxnews
  • descember 09, 2016
Archaeologists make 'significant' discovery near biblical pool where Jesus healed a blind man

Archaeologists discovered a nearly 2,800-year-old dam near Jerusalem's Pool of Siloam, the biblical site where Jesus healed a blind man as noted in the Gospel of John.

read more