In a Truth Social post on Friday morning, Trump mentioned that he would be open to accepting even a “TINY” increase in taxes on the wealthy, while also recognizing that such a move could pose political risks for Republicans.

House GOP lawmakers are currently facing challenges in identifying $1.5 trillion in spending cuts intended to compensate for the significant tax reductions outlined in their plans.

When asked how the White House expects to pay for the bill, given a number of its stated priorities are expensive, Hassett argued Congress has already identified clear areas for cuts, without detailing what they are and whether they are achievable.

“Well, the budget rules in the House and the Senate are very clearly identified that include spending cuts and so on, and they don’t include dynamic scores,” he told CNN.

“And so in the fullest of time with the spending cuts that we’re achieving ,and the dynamic score of the tax bill, we’re highly confident that we’re going to reduce the deficit that make bond markets celebrate.”

House Ways and Means Chairman Jason Smith is expected to meet with Trump at the White House on Friday, and Hassett earlier told CNBC that he expects Smith will outline the House’s schedule for the tax bill at some point during the day.

Hassett has been meeting almost weekly with Johnson, Treasury Secretary Scott Bessent and others regarding Congress’ budget.

Earlier this week, the group met in the Roosevelt Room of the White House.