I joined Meghna Chakrabarti on WBUR’s On Point, alongside the Tax Foundation’s Erica York, to discuss what the One Big Beautiful Bill Act means for taxes and spending.
And in order to do that, I want to bring in Liam Donovan. He’s a Republican political strategist and President at Targeted Victory, A GOP Public Affairs firm.
Liam Donovan. Welcome to On Point.
LIAM DONOVAN: Meghna, it’s good to be with you.
CHAKRABARTI: So you heard Erica very meticulously explain why this is not a bill, as currently written, that’s going to juice the American economy. She’s talked about $4 trillion in revenue loss for the federal government. In exchange for a meager 0.8% growth in GDP.
Check that with me. Do you see this as an economic growth package as Republicans have historically championed?
DONOVAN: First, I’ll start by saying I have the utmost respect for Erica. I’ve worked with Tax Foundation for many years. I think what you have to think about here is the counterfactual, which is this would be a $4 trillion tax increase absent congressional action.