Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: You're hoping to avoid some ping pong between the House
Speaker 2: and the Senate. Joining us now, a man with experience
Speaker 2: of all of this, the former Speaker of the House,
Speaker 2: Kevin McCarthy speaking McCarthy, Welcome back to the program, sir.
Speaker 2: It's good to get your thoughts. I want to lead
Speaker 2: with a question that am Marie asked a little bit
Speaker 2: earlier on the program. When you're hurting cats on Capitol Hill,
Speaker 2: is it easier or harder when the President of the
Speaker 2: United States is Donald Trump?
Speaker 3: Oh, it's so much easier.
Speaker 1: President Trump is stronger today than he was at any
Speaker 1: time in his political career. President Trump is stronger in
Speaker 1: the House. Remember, just to get this bill out of
Speaker 1: the House, they all said they weren't going to vote
Speaker 1: for it. President Trump came down to a conference told
Speaker 1: both sides from Salt it's over. From the Freedom Caucus,
Speaker 1: that's over. Everyone who said they wasn't going to vote
Speaker 1: for it voted for it in twenty four hours.
Speaker 3: So this bill's going to get passed.
Speaker 1: The only thing that's holding up when this bill gets
Speaker 1: passed is the weather in DC and the attendance of
Speaker 1: how that people get here.
Speaker 4: Well, yeah, people now have to come back to Washington
Speaker 4: when they thought they were going to have this week
Speaker 4: off speak of McCarthy. So you think the Freedom Caucus
Speaker 4: will fold again? Will they fold by July fourth?
Speaker 3: I believe so. I mean, think about this.
Speaker 1: Mike Lee, Rick Scott, Ron John all voted for this
Speaker 1: bill in the Senate and they're not going to vote
Speaker 1: for it. So if they don't want to vote for
Speaker 1: and they vote no, they're sitting with the Democrats and
Speaker 1: want to increase taxes.
Speaker 3: They have no place to be.
Speaker 1: What they want to do is get the attention they
Speaker 1: always crave. So they talk about that now. But how
Speaker 1: many times can you cry wolf and say you're not
Speaker 1: going to vote for something and in twenty four hours
Speaker 1: vote for it.
Speaker 3: They have done this numerous times.
Speaker 1: They want the President's attention, They say this so they
Speaker 1: can go down to the Oval Office and see the president,
Speaker 1: then go back home and say they saw the president.
Speaker 4: So do you think the rule vote, which comes first
Speaker 4: will pass because we can't see the bill on the
Speaker 4: floor until that goes through.
Speaker 3: I believe yes, it'll pass.
Speaker 1: It's all going to come down to attendance today. How
Speaker 1: many people could make.
Speaker 3: It to DC.
Speaker 1: A lot of flights were canceled, so do they have
Speaker 1: to delay it a day or not. But this bill
Speaker 1: will pass. Remember it already passed the House, that has
Speaker 1: now passed the Senate, and you've got the July fourth
Speaker 1: deadline holding right behind you. There's a lot of pressure
Speaker 1: mounting here. President Trump has done a tremendous job on this,
Speaker 1: but he has become the speaker in the same timeframe.
Speaker 1: Every time he's leaned into a bill it's been able
Speaker 1: to pass.
Speaker 4: He's the closer, he's the speaker in chief. How concerned
Speaker 4: are basically just congressmen and women about being torched on
Speaker 4: truth social like Thomas Massey, Well, you.
Speaker 1: Look at Tom Tillis, I mean Tom Tillis, who had
Speaker 1: a lot inside this bill, was pushing people to put
Speaker 1: more inside the bill, turns around and decides not to
Speaker 1: run for reelection.
Speaker 3: I think that plays.
Speaker 1: On the mind of a lot of individuals, and people
Speaker 1: are now being able to look at the bill. At first,
Speaker 1: they're always arguing about what's wrong. They're not really looking
Speaker 1: at what's positive. That you're not raising taxes, you're actually
Speaker 1: getting the economy moving again, You're keeping your promises for
Speaker 1: those who are sitting in salt districts, and you had
Speaker 1: a list of there people who are leaning No. Nick Laylonda,
Speaker 1: he said he's for this bill. That's a big movement
Speaker 1: for because he actually improved salt for his district when
Speaker 1: it was ten thousand is now forty thousand. He can
Speaker 1: go back home and champion what he was able to achieve,
Speaker 1: but at the same time, coffee he.
Speaker 3: Votes as a victory.
Speaker 4: At the same time, though there really won't be a cap.
Speaker 4: The cap expires at the end of the year. So
Speaker 4: don't you think a salt caucus does have some level.
Speaker 3: Goes after five years. No, from the same standpoint, it wouldn't.
Speaker 1: Go totally go away or people going to let these
Speaker 1: taxes all go away. He'd been able to achieve something
Speaker 1: while keeping taxes low. If he wanted salt to go away,
Speaker 1: raise taxes on all of his individuals and play that way,
Speaker 1: that's not why people elect him.
Speaker 3: They elect him there.
Speaker 1: To go legislate, and that's exactly what he did. He
Speaker 1: improved the life of his constituents, and he can champion
Speaker 1: that and actually be celebrated back home.
Speaker 5: Each of the constituents trying to improve the life of
Speaker 5: their region from an overarching federal perspective, which is a
Speaker 5: federal law. Do you think that this is a good bill.
Speaker 1: Yes, this is a very good bill, because what would
Speaker 1: happen if you did not pass this bill.
Speaker 3: Your taxes would go up.
Speaker 1: The economy would spur a little down. I mean, this
Speaker 1: is exactly keeping the promise. And if you want to
Speaker 1: put it in perspective, this bill is exactly what President
Speaker 1: Trump campaigned on.
Speaker 3: So the American people voted for that.
Speaker 1: He won the popular vote, something a Republican president has.
Speaker 3: Not done in more than thirty years. He says, no
Speaker 3: tax on tips.
Speaker 1: It's keeping his promise and it's the first thing people
Speaker 1: look at. And even if you didn't vote for him,
Speaker 1: you respect that you kept your promise.
Speaker 3: That's a change.
Speaker 1: You said you'd secure the border, you secured the board
Speaker 1: with all respect, said you would move it to make
Speaker 1: sure the tax are done.
Speaker 3: Yes, whatever respect you want to give me, I'll take.
Speaker 3: I'll give you loads of respect.
Speaker 5: There's a real question right now about the deficit increasing
Speaker 5: and the fact that there is a perception and it
Speaker 5: was edified by the Cores Budget Office saying that essentially
Speaker 5: this would take money out of the pockets of the
Speaker 5: lowest income individuals in the United States, and it would
Speaker 5: add to the higher income individuals significantly in the form
Speaker 5: of tax cuts and other potential benefits. That isn't necessarily
Speaker 5: one of the agenda items that was promised on the
Speaker 5: campaign trail.
Speaker 3: Correct.
Speaker 1: Well, all due respect to you, if you look back
Speaker 1: at the tax bill that we're keeping in place, what
Speaker 1: happened after it was placed. People actually got more income.
Speaker 1: Companies gave thousand dollars checks to their employees. So the
Speaker 1: CBO can score it one way, but we know what
Speaker 1: reality is. We know what we're seeing right now as
Speaker 1: well with the S and P five hundred set a
Speaker 1: new record. So I think that lives much stronger to
Speaker 1: the American public than anything else.
Speaker 3: When they keep their promise.
Speaker 1: The economy stronger, the border is secure. You're watching the
Speaker 1: Middle East go to a place we haven't seen in
Speaker 1: a long time, trying to end war in Ukraine.
Speaker 3: Yes, the world is a much.
Speaker 1: Better place because we elected President Trump, and yes he
Speaker 1: is keeping his promise and this aligns exactly with that,
Speaker 1: and America will be stronger for it.
Speaker 4: Speaking McCarthy, I'd love to talk to you about your
Speaker 4: relationship with both President Trump and your friend Elon Musk.
Speaker 4: Are you being called in to try to mediate this
Speaker 4: feud we see?
Speaker 1: I have not been called in, and I just know
Speaker 1: when two bulls fight, the only people who lose is
Speaker 1: the ground underneath it, and I don't want to be
Speaker 1: that turf. One thing I do know is when those
Speaker 1: two work together, there's nothing we can't achieve.
Speaker 3: So in the same mindset, I think.
Speaker 1: People need to take a deep breath. Let's get back
Speaker 1: to where we were before. Let's put America first and
Speaker 1: find the way that we make everybody stronger.
Speaker 2: Speaker McCarthy with respect and thanks, Thank you, sir. I
Speaker 2: appreciate your time as.
Speaker 3: Alway, thank you, take care, Thank.
Speaker 2: You, buddy, Thank you very much. The former Speaker of
Speaker 2: the House, Kevin mccarthie that I'm staying in that line.