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Johnson elaborated that the bill is intended to free up spending to allow the administration to target fraud and waste effectively, providing both immediate and long-term savings. These changes are positioned not only as a means of fiscal restraint but also a move towards a government that operates more closely to the framers' original intentions for a lean, accountable federal structure.
Future Tax Legislation on the Horizon
Looking ahead, Speaker Johnson discussed plans for a comprehensive budget bill, which he referred to as a "big beautiful bill." This forthcoming legislation is expected to encapsulate key Republican campaign commitments, especially concerning tax policy, border security, and energy independence.