Richard Rubin

And they would also argue that other parts of the Trump agenda, the deregulation, oil and gas production, are also going to generate growth. And they're saying, basically, if you take all of that growth, the growth caused by this bill and the growth that will happen outside this bill, that will increase the economy so much, then throw off enough revenue and basically cover the cost.

And they would also argue that other parts of the Trump agenda, the deregulation, oil and gas production, are also going to generate growth. And they're saying, basically, if you take all of that growth, the growth caused by this bill and the growth that will happen outside this bill, that will increase the economy so much, then throw off enough revenue and basically cover the cost.

The way they're thinking about it is the extension of the tax cuts won't get felt much at all because it's just keeping the status quo. These things are scheduled to expire where people are very much used to them. So Republicans clearly are concerned about deficits, but they also view an expiration of the tax cuts as scheduled at the end of this year as completely untenable.

The way they're thinking about it is the extension of the tax cuts won't get felt much at all because it's just keeping the status quo. These things are scheduled to expire where people are very much used to them. So Republicans clearly are concerned about deficits, but they also view an expiration of the tax cuts as scheduled at the end of this year as completely untenable.

The way they're thinking about it is the extension of the tax cuts won't get felt much at all because it's just keeping the status quo. These things are scheduled to expire where people are very much used to them. So Republicans clearly are concerned about deficits, but they also view an expiration of the tax cuts as scheduled at the end of this year as completely untenable.

They're trying to extend all of the tax cuts that are expiring at the end of this year, the ones they passed in 2017, but temporarily. They're trying to add some new tax breaks in addition to that.

They're trying to extend all of the tax cuts that are expiring at the end of this year, the ones they passed in 2017, but temporarily. They're trying to add some new tax breaks in addition to that.

They're trying to extend all of the tax cuts that are expiring at the end of this year, the ones they passed in 2017, but temporarily. They're trying to add some new tax breaks in addition to that.

Does that change, you know, does it hit beneficiaries, does it hit providers, does it hit hospitals? I mean, there's a lot of concern about what a shrinking flow of funding might mean for rural hospitals in particular. And so I think that's something that we're still getting analysis on.

Does that change, you know, does it hit beneficiaries, does it hit providers, does it hit hospitals? I mean, there's a lot of concern about what a shrinking flow of funding might mean for rural hospitals in particular. And so I think that's something that we're still getting analysis on.

Does that change, you know, does it hit beneficiaries, does it hit providers, does it hit hospitals? I mean, there's a lot of concern about what a shrinking flow of funding might mean for rural hospitals in particular. And so I think that's something that we're still getting analysis on.

It's an incredibly difficult job that House Speaker Mike Johnson has, right? Like he's got all of these different factions who know that for all intents and purposes, this is their one big beautiful shot to write legislation with a Republican majority. So they want to make sure that they get something that they can live with.

It's an incredibly difficult job that House Speaker Mike Johnson has, right? Like he's got all of these different factions who know that for all intents and purposes, this is their one big beautiful shot to write legislation with a Republican majority. So they want to make sure that they get something that they can live with.

It's an incredibly difficult job that House Speaker Mike Johnson has, right? Like he's got all of these different factions who know that for all intents and purposes, this is their one big beautiful shot to write legislation with a Republican majority. So they want to make sure that they get something that they can live with.

This is really just the framework, the blueprint for what the president calls his one big, beautiful bill. And so it sets the basic budget parameters that will then allow them to write real legislation in the next couple of months that extends tax cuts, adds more tax cuts, cuts some spending, adds spending on border security and national defense.

This is really just the framework, the blueprint for what the president calls his one big, beautiful bill. And so it sets the basic budget parameters that will then allow them to write real legislation in the next couple of months that extends tax cuts, adds more tax cuts, cuts some spending, adds spending on border security and national defense.

— What exactly that all looks like is very much not known right now. We know the contours and the outlines, and this provides kind of the structure for it. But this is really, as a lot of lawmakers emphasize, just that first step.

— What exactly that all looks like is very much not known right now. We know the contours and the outlines, and this provides kind of the structure for it. But this is really, as a lot of lawmakers emphasize, just that first step.