The Manhattan Institute’s Jessica Riedl set her sights on congressional Republicans on Tuesday, accusing them of promoting “fake” budget savings and pushing what she called the most expensive legislation in decades.
In a series of fiery posts on X, Riedl, a prominent fiscal conservative, tore apart GOP claims that their latest tax package is fiscally responsible, citing new estimates that show the bill would add $6.2 trillion to the national debt – “$5.3 trillion in ten-year tax cuts plus $900 billion more in debt interest.”
“This would be (by far) the most expensive legislation since the 1960s,” she wrote as she shared data from Marc Goldwein, the senior vice president and senior policy director for the Committee for a Responsible Federal Budget.
“Ignore the $3.9 trillion ‘official’ score,” that she says omits interest costs and “relies on fake expiration dates to make the bill seem less expensive."
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“Congressional Republicans are already on the record (in this bill) ensuring that tax cut expiration dates are all fake,” she added.
Riedl continued criticizing the GOP’s fiscal strategy as a whole.
“Republicans have shown that - even with a trifecta - they cannot notably cut spending,” she told her followers. “So all the ‘we'll just drastically cut spending too’ rhetoric is a bluff. They can't.”
She concluded her fierce rebuke of Republicans in Congress by citing the right-leaning Tax Foundation, which calculated “that this $6 trillion monstrosity would not increase long-term national income (GNP) because the economic debt drag would offset any pro-growth tax provisions.”
This below is the correct tax cut score: $5.3 trillion in ten-year tax cuts plus $900 billion more in debt interest for a total of $6.2 trillion(!).
This would be (by far) the most expensive legislation since the 1960s. 🧵 https://t.co/tpy4Gf36Gg
— Jessica Riedl 🧀 🇺🇦 (@JessicaBRiedl) May 13, 2025
