“Where are the spending cuts?”
- FACT: President Donald J. Trump’s One Big Beautiful Bill serves as a key instrument for the Trump Administration’s spending reduction efforts.
- FACT: The One Big Beautiful Bill encompasses $1.7 trillion in mandatory savings. For the first time since the 1990s, this legislation presents a genuine opportunity to lock in significant savings on mandatory spending programs.
- OMB Deputy Director Dan Bishop, recognized for his commitment to fiscal prudence, remarked that he has “long awaited an opportunity like this” during his tenure in Congress to implement meaningful spending reductions.
- FACT: The One Big Beautiful Bill secures permanent adjustments to Medicaid and food stamps — a rare opportunity. This measure provides a chance to remove unauthorized immigrants from taxpayer-funded programs, eliminate government financing for gender transition procedures, and enhance the integrity of program expenditures, ultimately saving taxpayers billions. Opportunities of this nature are unlikely to arise again.
“Shouldn’t the One Big Beautiful Bill do more to cut spending?”
- FACT: This is a reconciliation bill, a procedural tool limited to amending certain mandatory spending programs, such as entitlements. It does NOT function as an appropriations bill, which dictates annual government funding.
- FACT: President Trump’s budget proposition includes the most significant spending cuts seen in a generation, aiming to slash non-defense expenditures by $163 billion, a 22% reduction from current levels. When adjusted for inflation, this marks the lowest non-defense spending in a quarter-century, paving the way for trillions in savings over the coming decade.
- FACT: Another strategy the Trump Administration employs to curtail spending is through “rescissions,” which retracts funds already allocated by Congress. Recently, President Trump submitted his inaugural rescissions package to Congress, proposing the retrieval of billions of dollars wasted on foreign aid, bureaucratic inefficiencies, and federal support for NPR and PBS — representing just the first of many such proposals.
