"I think we can do that, and so you'll see more of us advancing these common-sense principles to deliver that America First agenda for the people," the Speaker said. "That's what they elected us to do, and this was hugely forward."
The bill, he said, will permanently extend Trump's first-term tax cuts, which target lower- and middle-income Americans.
According to an analysis by NewsMax, the bottom one-fifth of earners saw their lowest federal tax rates in 40 years after the original cuts, and now, the new bill will give even more cuts, including on tips, overtime pay, and for seniors, the speaker commented.
"We're giving everybody a tax cut, and that's going to help the economy," he said. "Small business owners, entrepreneurs, risk-takers, the people that provide the jobs, manufacturers, farmers get assistance here, and that will lift the economy."
He also pointed out a report from the Council of Economic Advisers that said the bill will create 4 million jobs, bring 3% economic growth, and increase the average household's take-home pay by $13,000 a year.
President Donald Trump says that his sweeping domestic policy bill that squeaked through both houses of Congress last week along near-party-line votes is "very popular" with Americans.
"There could be no better birthday present for America than the phenomenal victory we achieved just hours ago," Trump told the large crowd in Des Moines, Iowa, as he referred to the move by House Republicans in a 218-214 vote hours earlier to lift the so-called "One Big Beautiful Bill" to final congressional passage.
Earlier in the week, Vice President JD Vance broke a tie in the Senate to pass the measure 51-50.
Trump noted that "not one Democrat voted" for the bill in either chamber of Congress, adding that "they hate Trump. But I hate them too."
Back in Washington for the bill signing, Speaker Johnson ceremoniously handed President Trump the gavel after the president signed his signature tax cuts and spending package into law Friday, teased two future bills to be passed within the next year. In an appearance on "Fox News Sunday," he said the "big, beautiful bill," which is "a huge leap forward for our priorities," is the first step in a three-tier strategy. Johnson expects a second reconciliation bill by fall and a third by spring before the end of the current Congress.
"I think we can do that, and so you'll see more of us advancing these common-sense principles to deliver that American First agenda for the people," Johnson said. "That's what they elected us to do, and this was hugely forward."
We’re not quite sure what “hugely forward” means, but the Speaker pointed out to Fox News, "If you make between $30,000 and $80,000 a year, you can have a 15% less federal tax rate. You're going to save more money, you're going to keep more of your hard-earned money, and that's not going away. So by making all these tax cuts permanent, it's the largest tax bill, the most important, most consequential tax bill that Congress has ever passed because of what it does for people who go out and work hard every day."
Johnson said the bill pushes "pro-growth policies" and constitutes the "largest savings for the taxpayers in U.S. history."
In an op-ed for Fox News Treasury Secretary Scott Bessant expanded on Speaker Johnson’s analysis of the economic impact of President Trump’s Big Beautiful Bill.
The One Big, Beautiful Bill represents the priorities of the new Republican Party, which includes millions of working-class Americans who once called themselves Democrats. This bill builds on the blue-collar renaissance started by President Trump.
Since President Trump took office in January, blue-collar wages have increased 1.7%. This represents the largest increase in working-class wages to start a presidency in more than 50 years. For comparison, working-class wages decreased during the same period under every single president since Richard Nixon with only one exception—President Trump in his first term.
The One Big Beautiful Bill is more than just a tax bill. It works to ensure that illegal immigrants are not taking advantage of the safety net created for Americans. The bill also funds the completion of the border wall and provides resources to hire thousands of additional federal agents to protect our country against future illegal immigration. The goal is to redirect the estimated $249 billion in annual wages paid to illegal workers to lawful workers and American citizens. Ending the black market of undocumented labor by funding enforcement of our existing immigration laws will result in a massive pay raise for the working class.
Key to sparking the president’s second blue-collar boom has been his efforts to end illegal immigration. The open-border policy of previous administrations accelerated our nation’s affordability crisis. The influx of millions of illegal aliens put an unsustainable strain on healthcare, housing, education and welfare. It also supported a black market in labor that artificially suppressed working-class wages for decades. But that ends with the One Big Beautiful Bill.
- Big beautiful bill
- wage growth
- American economy
- Trump MAGA agenda
- economic growth
- Biden administration
- Treasury Secretary Scott Bessent
- blue collar workers
- immigration enforcement
- unemployment
- Bureau of Labor Statistics
- 2026 midterm elections
