Trump is counting on economic growth to offset his tax cuts. But his big, beautiful bill likely wouldn't deliver [View all]

(CNN) President Donald Trump and congressional Republicans are promising that their sweeping tax and spending cuts package will usher in an era of historic economic growth.

“This is going to be jet fuel,” House Speaker Mike Johnson said on NBC’s “Meet the Press” earlier this month. “The reason we call it the Big, Beautiful Bill is because it is a tremendous pro-growth package entwined in this legislation that is going to make everybody’s incomes go up.”

But a multitude of economic experts across the ideological spectrum doubt that’s going to happen. In fact, many argue that the Trump agenda megabill that narrowly passed the House last month would provide even less economic oomph than his 2017 Tax Cuts and Jobs Act – and the jury is still out on how much economic growth that earlier tax cut package spurred.

While independent estimates vary somewhat, most find that the House-passed package would only give a small nudge to economic growth and fail to offset its trillions of dollars of tax cuts.

https://www.cnn.com/2025/06/17/politics/big-beautiful-bill-tax-cuts