Idaho Statesman: Crapo: One Big Beautiful Bill Won’t ‘Explode the National Debt’

Claiming that the One Big Beautiful Bill will “explode the national debt” is plain wrong.

According to a more accurate estimate by the Congressional Budget Office, it cuts federal spending by over $1.5 trillion and reduces the deficit by $400 billion. That doesn’t include the bill’s pro-growth elements, which the Council of Economic Advisers estimates will increase federal revenues by more than $4 trillion, adding up to nearly $4.5 trillion in deficit reduction.

Contrary to the “politics of fear” that Democrats employ, it strengthens and improves spending programs, like Medicaid, by targeting waste, fraud and abuse. And despite false narratives about “tax cuts for billionaires,” the reality is this legislation not only prevents massive across-the-board tax hikes, but provides additional tax relief that overwhelmingly benefits low- and middle-class families and workers. Through policies like a boosted standard deduction, expanded benefits for child care, no taxes on tips or overtime, and tax relief for seniors, working class Americans are the biggest winners under this bill.

In addition to historic mandatory spending reductions, deficit reduction and tax relief, the bill invests in our border, modernizes our military and restores American energy dominance. I’d call that a win for Idahoans and all Americans.

###