This may be more obvious than I think, but this week's votes on a continuing resolution to keep the government going past Friday's debt ceiling deadline until September are a kind of confession of failure on the part of House Republicans, and Speaker Mike Johnson in particular, retreating from the effort to use reconciliation rules to put through the huge package of tax cuts and spending cuts they passed on February 25 for fiscal year 2025. Never mind, said Johnson: Elon and Donald can do it, or something like it.
But Johnson said those cuts would be reserved for legislation to fund the government in fiscal year 2026, which begins on October 1.
"We will actually be able to change the way this is done and incorporate all the extraordinary savings that DOGE is uncovering through fraud, waste and abuse, the other revenues that President Trump is bringing about because of his policies," Johnson told the Fox News program "Sunday Morning Futures."
Although as you know DOGE hasn't uncovered any fraud, waste, or abuse at all that they're able to publicly identify, and their own estimate of how much money they've managed to save so far—$105 billion—would be pretty pathetic as an attack on a $2 trillion deficit, if it were accurate, which it clearly isn't anywhere near. While the revenue that President Trump is "bringing about because of his policies" means tariffs, and it's pretty hard to estimate, what with Trump changing his mind up to three or four times in a given day (just announced he's doubling the tariffs on steel and aluminum he's landing on Canada on Wednesday, from 25% to 50%), but the best guesses seem to make it around $120 billion a year, which also isn't much, though the rise in consumer prices it will bring on, focused on the areas of electronics and clothing, motor vehicles and food, will cost us around $1600-$2000 a year per household. Not only a tax on Americans, whatever Trump may imagine, but a very regressive tax, mostly felt by those with lower incomes (the lower your income, the higher the proportion of it that you end up spending on stuff like food and clothing, or really anything).



