It is “just bogus math” when people use the “fake accounting” from the Congressional Budget Office to claim that extending the current tax law will add trillions of dollars to the national deficit, Rep. Jason Smith told Newsmax.

The “big beautiful bill,” passed by the House, not only delivers on President Donald Trump’s campaign priorities, but it will bring the “largest mandatory spending cuts” in U.S. history by shaving off $1.69 trillion, the Missouri Republican told “National Report” on Wednesday.

Smith added that the bill repeals more than $500 billion of the “green new tax scam,” including $200 billion in electric vehicle credits.

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