Johnson Says Megabill Will Be 'jet Fuel' For Economy; Teases 2 Future Bills Within Next Year

House Speaker Mike Johnson, R-La., said Sunday that President Donald Trump's megabill will beryllium "jet fuel" for nan system contempt Democrats' criticisms. 

Johnson, who ceremoniously handed Trump nan gavel aft nan president signed his signature taxation cuts and spending package into rule Friday, teased 2 early bills to beryllium passed wrong nan adjacent year. In an quality connected "Fox News Sunday," he said nan "big, beautiful bill," which is "a immense leap guardant for our priorities," is nan first measurement successful a three-tier strategy. Johnson expects a 2nd reconciliation measure by autumn and a 3rd by outpouring earlier nan extremity of nan existent Congress. 

"I deliberation we tin do that, and truthful you'll spot much of america advancing these common-sense principles to present that American First schedule for nan people," Johnson said. "That's what they elected america to do, and this was hugely forward." 

Johnson pushed backmost connected a reported Democratic Congressional Campaign Committee (DCCC) memo claiming Republicans will suffer nan mostly successful 2026 arsenic a consequence of nan "big, beautiful bill." 

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President Donald Trump shakes hands pinch House Speaker Mike Johnson of La., aft signing his megabill astatine nan White House, Friday, July 4, 2025. (AP Photo/Julia Demaree Nikhinson)

"Our Republicans are going to beryllium retired crossed nan state telling nan elemental truth, and conjecture what? It will beryllium demonstrated," Johnson said. "Everyone will person much take-home pay, they'll person much jobs and opportunity. The system will beryllium doing better, and we'll beryllium capable to constituent to that arsenic nan evident consequence of what we did. So don't bargain into those mendacious talking points." 

The speaker dismissed criticisms from Rep. Ro Khanna, D-Calif., and DNC Chair Ken Martin successful peculiar arsenic "old, tired talking points" that are typically utilized against immoderate Republican taxation legislation. 

Johnson stressed that nan measure permanently extends nan 2017 Trump taxation cuts, which nan speaker claims targeted lower- and middle-income Americans. He said nan bottommost 20% of earners witnessed their lowest national taxation rates successful 40 years because of those original cuts and said that nan caller megabill expands connected that by cutting taxes connected tips, overtime pay, and seniors – benefits that he says will thief Republicans during nan 2026 midterm elections. 

"We're giving everybody a taxation cut," Johnson told "Fox News Sunday" big Shannon Bream. "And that's going to thief nan economy, it's going beryllium pitchy fuel. Small business owners, entrepreneurs, risk-takers, nan group that supply nan jobs, manufacturers, farmers get assistance here, and that will assistance nan economy." 

Citing nan Council of Joint Economic Advisers, Johnson said nan megabill will spur 3% economical growth, create 4 cardinal jobs and summation nan mean household's take-home salary by $13,000. 

"This is simply a awesome point for group who spell to activity each day," Johnson said. "They're going to consciousness that. And we're excited astir nan upcoming predetermination rhythm successful '26. Because group will beryllium riding an economical high, conscionable arsenic we did aft nan first 2 years of nan first Trump administration. This clip it's connected steroids." 

President Donald Trump holds a gavel presented to him by House Speaker Mike Johnson of La., aft he signed his signature measure of taxation breaks and spending cuts astatine nan White House, Friday, July 4, 2025, successful Washington.  (AP Photo/Evan Vucci)

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Johnson besides responded to disapproval from Rep. Glenn Ivey, D-Md., who based on that nan megabill makes taxation cuts for nan wealthiest Americans permanent, while those for nan moving people "are clip sensitive" and "expire successful a mates of years." 

"Now, I don't deliberation he publication nan bill, it's 940 pages, truthful I would springiness immoderate grace connected that," Johnson said successful consequence to Ivey's claims. 

Bream noted that Ivey was listening while nan measure matter was publication connected nan Senate level past Sunday. 

House Speaker Mike Johnson, R-La., points to President Donald Trump aft he signed his signature measure of taxation breaks and spending cuts astatine nan White House, Friday, July 4, 2025, successful Washington, surrounded by members of Congress.  (AP Photo/Evan Vucci)

"Yeah, you're right, for 19 hours aliases immoderate it took," Johnson said. "If you make betwixt $30,000 and $80,000 a year, you tin person a 15% little national taxation rate. You're going to prevention much money, you're going to support much of your hard-earned money, and that's not going away. So by making each these taxation cuts permanent, it's nan largest taxation bill, nan astir important, astir consequential taxation measure that Congress has ever passed because of what it does for group who spell retired and activity difficult each day." 

Johnson said nan measure pushes "pro-growth policies" and constitutes nan "largest savings for nan taxpayers successful U.S. history." 

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"In nan bill, we're besides going to unafraid nan separator permanently. We're going to return to American power power again, which is going to besides beryllium pitchy substance to nan economy," Johnson said. "We're gonna return attraction of bid done spot because we're going to springiness important investments successful our subject business complex, which will thief america successful our competition pinch China. There is truthful overmuch successful this bill."