MYTHBUSTER: One Big Beautiful Bill Cuts Spending — and More Cuts Are on the Way

“Where are the spending cuts?”FACT: President Donald J. Trump’s One Big Beautiful Bill is just one mechanism the Trump Administration is using to cut spending.FACT: The One Big Beautiful Bill includes $1.7 trillion in mandatory savings. This means that for the first time since the 1990s, the bill offers a chance to cement real savings on mandatory spending programs into law. OMB Deputy Director Dan Bishop — known for his fiscal responsibility — says he “waited for an opportunity like this” when he was in Congress to make real, substantial spending cuts.FACT: The One Big Beautiful Bill makes permanent fixes...