If You Can Keep It: The impossible math of the 'big, beautiful' spending bill

President Donald Trump wants Congress to put together a ‘big, beautiful” bill that will extend tax cuts implemented during his first administration. But with less money coming in for the federal government, Congress will have to find ways to cut its own spending. 

House Speaker Mike Johnson says that goal is $1.5 trillion.

One big sticking point on where to make cuts is Medicaid. Johnson has repeatedly claimed that Congress will not make cuts to Medicaid for anyone who is “duly owed.” There are some representatives, however, with concerns.

The nonpartisan Congressional Budget Office recently did the math. That $1.5 trillion goal isn’t possible without cuts to Medicaid or Medicare (another program the administration vowed not to touch).

What can Congress keep in its budget if they want to also pass this mega-bill to cut taxes? We discuss what Congress is considering in this edition of “If You Can Keep It.”