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Mike Johnson: “The CBO was offing its estimates of [the 2017 tax cuts and…”

Featuring: Mike Johnson, Republican | Speaker of the United States House of Representatives | National

Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act

Published June 1, 2025 | Video Starts at 02:02

We're going to have historic growth because we're basing this on the history of, of the recent past. Remember in the first Trump administration, the 2017 tax cuts and Jobs act, The CBO was offing its estimates of [the 2017 tax cuts and Jobs act] by $1.5 trillion. Okay. Because they underestimated the incredible growth that would be brought about. This is going to be jet fuel. (02:02–02:07)

CLAIM

Asserts that the CBO underestimated the 2017 tax cuts and Jobs Act by $1.5 trillion.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Mike Johnson

“Never in U.S. history has the U.S. economy sustained less than 2% economic growth over a 10 year period.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 01:43-01:51
“There's no government on planet earth that's ever saved over $1.6 trillion in a piece of legislation. This one does.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 04:23-04:30
“1.4 million illegal aliens that are receiving Medicaid right now.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 10:20-10:25
“The people that make $40,000 or less had their best tax benefits in over 40 years.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 15:19-15:28
“By making all those tax cuts permanent, we're preventing the largest tax increase in U.S. history.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 15:30-15:30
“This is not a spending bill. This is a reconciliation package.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 01:02-01:07
“There is some additional spending...for national security, for historic investments in border security, the largest in generations.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 01:09-01:20
“The Congressional Budget Office...projected anemic economic growth...assuming a growth level of 1.8% over the next 10 years.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 01:34-01:44
“We're incentivizing US Manufacturing again. We're bringing jobs back to the US.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 02:34-02:39
“The CBO sometimes gets projections correct, but they're always off every single time when they project economic growth.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 03:19-03:25
“We have a north of $36 trillion federal debt right now and it is the largest national security concern for the U.S.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 05:01-05:08
“The Biden administration increased spending dramatically.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 05:24-05:27
“This is the largest step forward in the right direction that Congress has ever made.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 05:32-05:38
“We're going to have a second budget reconciliation bill that follows after this.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 05:53-05:58
“It's not going to add to the debt.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 06:29-06:31
“There are no Medicaid cuts in the big beautiful bill.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 09:22-09:27
“We're reducing fraud, waste and abuse that is rampant in Medicaid.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 09:29-09:34
“7.6 million people is the figure that, that are supposedly going to be affected by this.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 10:09-10:15
“4.8 million people that they're referring to that are able bodied workers.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 10:30-10:34
“Tens of billions of dollars every year are lost in fraud to Medicaid.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 12:55-13:00
“1.2 million that are totally ineligible to be on the program.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 13:01-13:05
“Many of them are small business owners.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 13:56-13:59
“We are the party that reduces taxes for all Americans.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 14:08-14:11
“The biggest beneficiaries of this will be low and Middle income Americans.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 14:15-14:20
“The Tax Cuts and Jobs Act. That's what we'll do again by extending those, those tax cuts in perpetuity and making them permanent.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 14:20-14:27
“The people that benefited most from [the Tax Cuts and Jobs Act] were the lowest income Americans.”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 15:08-15:12
“If we don't get this bill passed, every American is going to receive the largest tax increase in the history of our country at the end of…”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 15:36-15:46
“We're going to get it to the president's desk and he's going to have a, we're all going to have a glorious celebration on Independence Day…”
Interview with House Speaker Mike Johnson on the One Big Beautiful Bill Act | Uploaded June 1, 2025 | 16:20-16:28