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GOP Warns 2025 Budget Could Cost 830,000 Jobs

5/21/2025

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Summary

Story summary

The House GOP has raised alarms over the 2025 budget reconciliation bill, warning it could lead to the loss of 830,000 jobs and a staggering $1 trillion hit to GDP by 2034. They argue that repealing clean energy tax credits will spike energy prices and stifle growth, potentially plunging families and businesses into an energy crisis.

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Story summary

The House GOP has raised alarms over the 2025 budget reconciliation bill, warning it could lead to the loss of 830,000 jobs and a staggering $1 trillion hit to GDP by 2034. They argue that repealing clean energy tax credits will spike energy prices and stifle growth, potentially plunging families and businesses into an energy crisis.