1 00:00:01,639 --> 00:00:06,160 Speaker 1: Now from our nation's capital. This is Bloomberg Sound on 2 00:00:07,080 --> 00:00:10,440 Speaker 1: the Republican voters of Missouri have spoken when they count 3 00:00:10,480 --> 00:00:12,920 Speaker 1: the votes. We are going to win this and there's 4 00:00:12,960 --> 00:00:15,520 Speaker 1: no path to victory for our opponents. Don't let her 5 00:00:15,640 --> 00:00:20,800 Speaker 1: get you down. Remember talk is Chief Bloomberg Sound on Politics, 6 00:00:20,840 --> 00:00:24,360 Speaker 1: Policy and Perspective from DC's top name. The people of 7 00:00:24,480 --> 00:00:27,800 Speaker 1: Kansas send an unmistakable message. I mean, this is a 8 00:00:27,840 --> 00:00:31,160 Speaker 1: big deal for women who can't afford not to have abortion. 9 00:00:31,280 --> 00:00:33,960 Speaker 1: I've never seen so many veterans with tears in their 10 00:00:34,000 --> 00:00:37,000 Speaker 1: eyes and tears in their eyes of Joyce Bloomberg Sound 11 00:00:37,040 --> 00:00:42,920 Speaker 1: On with Joe Matthew on Bloomberg Radio. Senator Kirsten Cinema 12 00:00:42,960 --> 00:00:46,320 Speaker 1: breaks her silence on the Democrats climate and tax bill. 13 00:00:46,880 --> 00:00:49,800 Speaker 1: Welcome to the fastest hour in politics. With a big 14 00:00:49,840 --> 00:00:52,280 Speaker 1: development that could mean the end of the carried in 15 00:00:52,360 --> 00:00:55,160 Speaker 1: for his tax break. We'll have the latest from Capitol 16 00:00:55,200 --> 00:00:59,560 Speaker 1: Hill in Bloomberg's Eric Wasson Breaking News Tonight, Kansas stunts 17 00:00:59,600 --> 00:01:02,160 Speaker 1: the pun It's with a vote on abortion while primaries 18 00:01:02,160 --> 00:01:05,000 Speaker 1: are held in five states. A good night for Donald 19 00:01:05,000 --> 00:01:08,000 Speaker 1: Trump in Arizona and a win for Eric in Missouri. 20 00:01:08,560 --> 00:01:11,080 Speaker 1: Leave and say his last name, with Jessica Taylor of 21 00:01:11,120 --> 00:01:14,920 Speaker 1: the Cook Political Report. Our panel today Bloomberg Politics contributor, 22 00:01:14,959 --> 00:01:19,360 Speaker 1: Democratic analyst Jeanie Chanzano, along with Republican strategist chap And Faye, 23 00:01:19,400 --> 00:01:22,759 Speaker 1: former press secretary for Governor George Pattack either with us 24 00:01:22,840 --> 00:01:25,600 Speaker 1: for the hour for analysis, and we start the headline 25 00:01:25,600 --> 00:01:28,080 Speaker 1: crossed the terminal a short time ago. Cinema seeks to 26 00:01:28,120 --> 00:01:33,039 Speaker 1: retain private equity, break curb corporate tax. Yes, the the 27 00:01:33,120 --> 00:01:36,360 Speaker 1: senator from Arizona wants some changes, according to sources familiar 28 00:01:36,360 --> 00:01:40,080 Speaker 1: with discussions speaking with Bloomberg News. Now depite what Senator 29 00:01:40,160 --> 00:01:43,400 Speaker 1: Joe Mansion indicated over the weekend. We swept the Sunday 30 00:01:43,400 --> 00:01:47,000 Speaker 1: morning talk shows and was repeatedly asked about whether Kirsten 31 00:01:47,080 --> 00:01:49,440 Speaker 1: Cinema was involved. She has an awful lot in this 32 00:01:49,520 --> 00:01:52,160 Speaker 1: piece of legislation, the way it's been designed, as far 33 00:01:52,200 --> 00:01:55,240 Speaker 1: as the reduction of Medicare, letting Medicare go ahead and 34 00:01:55,320 --> 00:01:59,320 Speaker 1: negotiate for lower drug prices. She's very involved in that. Well. 35 00:01:59,560 --> 00:02:02,600 Speaker 1: That wasing on ABC this week helping to break the 36 00:02:02,600 --> 00:02:05,360 Speaker 1: news for Bloomberg as Congress reporter Eric Wasson, he's with 37 00:02:05,440 --> 00:02:08,720 Speaker 1: us right now. Great reporting, here, Eric, I suppose it 38 00:02:08,760 --> 00:02:12,280 Speaker 1: should be no surprise that cinemas specifically looking at carried 39 00:02:12,320 --> 00:02:15,400 Speaker 1: interest in corporate taxes. These are the two things that, uh, 40 00:02:15,440 --> 00:02:18,320 Speaker 1: there was some concern about. Now that she's finally spoken, 41 00:02:18,840 --> 00:02:22,000 Speaker 1: what changes does you want? Well, this is clever. She's 42 00:02:22,000 --> 00:02:24,400 Speaker 1: not spoken publicly, but she has talked to other members 43 00:02:24,440 --> 00:02:27,200 Speaker 1: of the Senate and people around town, and people are 44 00:02:27,240 --> 00:02:29,520 Speaker 1: lobbying her, and and right now she's looking to narrow 45 00:02:29,600 --> 00:02:33,200 Speaker 1: the corporate minimum tax. This is a three teen billion 46 00:02:33,240 --> 00:02:37,360 Speaker 1: dollar uh you know tax minimum on companies that make 47 00:02:37,400 --> 00:02:41,600 Speaker 1: more than one billion dollars in rev revenue. And this 48 00:02:41,720 --> 00:02:44,640 Speaker 1: is some talk of sort of exempting tax breaks from 49 00:02:44,639 --> 00:02:48,240 Speaker 1: manufacturers on depreciation and cost recovery. These are two benefits, 50 00:02:48,440 --> 00:02:52,079 Speaker 1: especially enhanced by the Trump tax cuts, that would reduce 51 00:02:52,160 --> 00:02:54,799 Speaker 1: the value of that that revenue by about a hundred 52 00:02:54,800 --> 00:02:57,280 Speaker 1: billion dollars. So there's some talk of that. And then 53 00:02:57,320 --> 00:03:00,440 Speaker 1: getting rid of the carried interest uh provision, which really 54 00:03:00,480 --> 00:03:03,800 Speaker 1: only raises thirteen billion dollars, might be an easier lift 55 00:03:03,800 --> 00:03:06,160 Speaker 1: for her caucus. But all this is going to cause 56 00:03:06,400 --> 00:03:08,880 Speaker 1: problems for for other members in the caucus, and it 57 00:03:08,919 --> 00:03:12,399 Speaker 1: could delay uh you know, resolution of this, which Democrats 58 00:03:12,440 --> 00:03:14,200 Speaker 1: up to pass this week. I thought we were going 59 00:03:14,240 --> 00:03:18,480 Speaker 1: to be talking about the CBO score today saying that 60 00:03:18,560 --> 00:03:21,880 Speaker 1: the deal cuts the deficit by just about as much 61 00:03:21,880 --> 00:03:24,640 Speaker 1: as had been built. But now these changes kind of 62 00:03:24,639 --> 00:03:28,160 Speaker 1: blow out that number, right, Well they could, yes, So 63 00:03:28,200 --> 00:03:30,600 Speaker 1: CBO came out and officially said a hundred and two 64 00:03:30,600 --> 00:03:34,079 Speaker 1: billion dollars in deficit reduction over ten years. But when 65 00:03:34,080 --> 00:03:36,040 Speaker 1: you factor in I R s they're going to give 66 00:03:36,040 --> 00:03:38,119 Speaker 1: the I R S eighty billion dollars to hire more 67 00:03:38,400 --> 00:03:41,839 Speaker 1: tax auditors. There's an informal estimate that will cause two 68 00:03:41,880 --> 00:03:45,440 Speaker 1: hundred and four billion dollars more in revenue. CBO that 69 00:03:45,480 --> 00:03:47,160 Speaker 1: does endorse that number, but they don't include it in 70 00:03:47,200 --> 00:03:49,360 Speaker 1: their deficit figures. So you add them together, you get 71 00:03:49,360 --> 00:03:51,920 Speaker 1: throughout three hundred billion, and that's what mentioned we have 72 00:03:51,960 --> 00:03:55,040 Speaker 1: been advertising. So no big surprise there. That land mine 73 00:03:55,120 --> 00:03:58,480 Speaker 1: was diffused for these guys, but remains a live problem. 74 00:03:58,720 --> 00:04:02,240 Speaker 1: That's a real problem. So are these deal breakers or 75 00:04:02,320 --> 00:04:05,680 Speaker 1: is there negotiating room on the items you mentioned? I 76 00:04:05,680 --> 00:04:08,360 Speaker 1: think there's negotiating room. I think for for many members 77 00:04:08,360 --> 00:04:10,880 Speaker 1: of the caucus, the climate spending and the drug price 78 00:04:10,920 --> 00:04:13,560 Speaker 1: provisions are the most important. Uh, you know, if they 79 00:04:13,560 --> 00:04:16,080 Speaker 1: can do some changes on the tax side and and 80 00:04:16,080 --> 00:04:19,840 Speaker 1: and diffuse for cinema. These attacks that you're raising, you know, 81 00:04:19,880 --> 00:04:22,760 Speaker 1: taxes in a harmful way during a recession, that could 82 00:04:22,760 --> 00:04:25,000 Speaker 1: probably get over the line. And we don't know if 83 00:04:25,000 --> 00:04:28,960 Speaker 1: the parliamentary in will keep for instance, the drug prescription 84 00:04:29,000 --> 00:04:31,880 Speaker 1: drug pricing component in the bill. Right we're still waiting, 85 00:04:32,160 --> 00:04:35,279 Speaker 1: uh for the bird bath to finish. Yes, there are 86 00:04:35,360 --> 00:04:38,000 Speaker 1: aspects of that. I think My judgment is I haven't 87 00:04:38,000 --> 00:04:39,839 Speaker 1: watched this a for a long period of time. That 88 00:04:39,920 --> 00:04:43,320 Speaker 1: the changes to Medicare along Medicare the negotiate and capping 89 00:04:43,520 --> 00:04:46,279 Speaker 1: seniors out of pocket that directly relates to the Medicare 90 00:04:46,360 --> 00:04:49,000 Speaker 1: programs that affects the government budget. I think those stake 91 00:04:49,120 --> 00:04:51,280 Speaker 1: in there is some of the interferes with the private 92 00:04:51,320 --> 00:04:55,160 Speaker 1: market inflation rebates. It sort of penalizes drug companies with 93 00:04:55,320 --> 00:04:58,600 Speaker 1: excise tax if they raise prices higher than inflation. That 94 00:04:58,720 --> 00:05:00,800 Speaker 1: might not be seen in directly tied to the government 95 00:05:00,800 --> 00:05:03,280 Speaker 1: budget and kicked out. We might also see this sort 96 00:05:03,279 --> 00:05:07,400 Speaker 1: of cap on an insulin prices, uh, you know, in 97 00:05:07,440 --> 00:05:11,960 Speaker 1: private insurance that just is being added in now basically 98 00:05:12,000 --> 00:05:15,520 Speaker 1: at the request of Raphael Warnuck, who is the vulnerable 99 00:05:15,880 --> 00:05:19,360 Speaker 1: uh Georgia senator who offered that provision, but most experts 100 00:05:19,360 --> 00:05:21,359 Speaker 1: I talked to say that's not going to be allowed 101 00:05:21,400 --> 00:05:23,719 Speaker 1: in boy A lot to talk about here, and Eric, 102 00:05:23,760 --> 00:05:25,800 Speaker 1: we do thank you for joining us on a busy night. 103 00:05:25,800 --> 00:05:28,920 Speaker 1: He shares the byline on the story kirston Cinema through 104 00:05:29,040 --> 00:05:33,880 Speaker 1: sources Bloomberg reporting that we may have some changes in store. 105 00:05:33,920 --> 00:05:35,920 Speaker 1: We're gonna get back to this story a bit later 106 00:05:35,960 --> 00:05:39,440 Speaker 1: in the hour with Bloomberg Government's Jack Fitzpatrick, who's going 107 00:05:39,480 --> 00:05:41,160 Speaker 1: to take a look at some of the other items 108 00:05:41,400 --> 00:05:45,359 Speaker 1: this one and others Democrats are trying to balance before 109 00:05:45,960 --> 00:05:49,640 Speaker 1: they head home for August. Some big stories to cover. 110 00:05:49,760 --> 00:05:52,600 Speaker 1: Thanks for joining us on the fastest hour in politics. 111 00:05:52,640 --> 00:05:54,840 Speaker 1: We didn't know we'd be. Starting with breaking news from 112 00:05:54,839 --> 00:05:58,360 Speaker 1: the Senate, certainly following a newsy night, and big news 113 00:05:58,360 --> 00:06:01,000 Speaker 1: not only on the primary trail but from Kansas. The 114 00:06:01,080 --> 00:06:03,800 Speaker 1: resounding rejection as I read on the terminal of an 115 00:06:03,800 --> 00:06:07,640 Speaker 1: effort to allow new restrictions on abortion access. The President 116 00:06:07,640 --> 00:06:10,160 Speaker 1: weight in today the voters, as it's in a powerful 117 00:06:10,200 --> 00:06:13,640 Speaker 1: singium at this fall, the American people will vote to 118 00:06:13,720 --> 00:06:17,000 Speaker 1: preserve and protect them right and refuse to let them 119 00:06:17,000 --> 00:06:22,200 Speaker 1: be ripped away by politicians speaking remotely to an unrelated event, 120 00:06:22,279 --> 00:06:26,479 Speaker 1: remembering he's in isolation with COVID. This referendum in Red 121 00:06:26,640 --> 00:06:30,320 Speaker 1: Kansas the first abortion related ballot measure this year. It's 122 00:06:30,320 --> 00:06:32,160 Speaker 1: the first time voters have had a chance to weigh 123 00:06:32,160 --> 00:06:37,440 Speaker 1: in since the Supreme Court ruling. Remembering here, as we've 124 00:06:37,520 --> 00:06:40,920 Speaker 1: learned over the course of the day of registered voters, 125 00:06:40,960 --> 00:06:46,040 Speaker 1: Democratic Republican, there was a week's long effort and by 126 00:06:46,040 --> 00:06:48,720 Speaker 1: the way, this was a surprise, a week's long effort 127 00:06:50,240 --> 00:06:52,920 Speaker 1: to try to make this happen by pro choice activist 128 00:06:53,040 --> 00:06:55,520 Speaker 1: knocking on doors, writing cards, and it's made a lot 129 00:06:55,520 --> 00:06:59,039 Speaker 1: of people wonder, with such strong turnout exactly what the 130 00:06:59,080 --> 00:07:02,360 Speaker 1: signals are here. That's where we begin with Jessica Taylor 131 00:07:02,400 --> 00:07:04,400 Speaker 1: glad to say she's with us on this day after 132 00:07:04,800 --> 00:07:08,120 Speaker 1: primary night, Senate and Governor's editor for the Cook Political Report. 133 00:07:08,480 --> 00:07:12,120 Speaker 1: Pretty big deal here, Jessica, Is it possible I've seen 134 00:07:12,120 --> 00:07:14,000 Speaker 1: a lot of headlines that called us a bell weather. 135 00:07:14,040 --> 00:07:16,880 Speaker 1: Is it possible to extrapolate what this could mean for 136 00:07:17,000 --> 00:07:21,040 Speaker 1: the mid terms? Well, I think it's one data point 137 00:07:21,120 --> 00:07:23,080 Speaker 1: that we have right now, and it's a big data 138 00:07:23,120 --> 00:07:26,560 Speaker 1: point for sure, because this was the first electoral test 139 00:07:26,680 --> 00:07:29,520 Speaker 1: after the Jobs decision repealed Roe v. Wade and sent 140 00:07:29,600 --> 00:07:33,080 Speaker 1: it back to the states, and Kansas is a red 141 00:07:33,160 --> 00:07:35,280 Speaker 1: state now it has a bit of a libertarian bent 142 00:07:35,440 --> 00:07:38,080 Speaker 1: as well, which I think is what we are we're 143 00:07:38,120 --> 00:07:45,800 Speaker 1: seeing here as well. But then just the resounding way 144 00:07:45,840 --> 00:07:49,880 Speaker 1: that it voted showed that there are many states elsewhere 145 00:07:49,880 --> 00:07:51,360 Speaker 1: where I think if you put this to a yes 146 00:07:51,440 --> 00:07:54,480 Speaker 1: or no vote that you would see a similar outcome. However, 147 00:07:55,160 --> 00:07:57,560 Speaker 1: there's there are there are going to be referendums on 148 00:07:57,640 --> 00:08:00,080 Speaker 1: some ballots um in the general election this November or 149 00:08:00,120 --> 00:08:03,600 Speaker 1: in states. But when you're dealing with candidates and where 150 00:08:03,680 --> 00:08:06,480 Speaker 1: they stand, you have to balance a lot of different 151 00:08:06,680 --> 00:08:10,880 Speaker 1: issues and you can't just say I'm going to vote 152 00:08:10,960 --> 00:08:13,480 Speaker 1: for this for abortion, yes or no, because you have 153 00:08:13,520 --> 00:08:15,920 Speaker 1: to vote for that via the candidate. I think it 154 00:08:15,960 --> 00:08:19,080 Speaker 1: can matter more on governors races, and Laura Kelly is 155 00:08:19,360 --> 00:08:23,440 Speaker 1: an incredibly endangered incumbent there in in Kansas, the Democratic governor. 156 00:08:23,480 --> 00:08:26,160 Speaker 1: I think this could vode well for her certainly um 157 00:08:26,200 --> 00:08:28,720 Speaker 1: and where it's probably gonna be one of the closest races. 158 00:08:29,000 --> 00:08:33,160 Speaker 1: But again, where does it rank, Where does abortion rank overall, 159 00:08:33,240 --> 00:08:35,680 Speaker 1: because remember, this is just on one issue, and we 160 00:08:35,760 --> 00:08:39,480 Speaker 1: are seeing so much of the economy um inflation, fears 161 00:08:39,480 --> 00:08:43,719 Speaker 1: of a recession driving the election. This is really important 162 00:08:44,200 --> 00:08:47,280 Speaker 1: as people try to connect the dots here. Uh, certainly 163 00:08:47,280 --> 00:08:50,520 Speaker 1: what we saw in Kansas, as I mentioned, followed a 164 00:08:50,600 --> 00:08:55,960 Speaker 1: concerted effort. But should this be frankly a strategy for 165 00:08:56,000 --> 00:08:59,000 Speaker 1: the Republican Party to get this off the electoral plate. 166 00:08:59,080 --> 00:09:01,840 Speaker 1: Let's get it onto alets in states all over the country. 167 00:09:01,920 --> 00:09:04,560 Speaker 1: So you're not you're not weighing down a campaign with 168 00:09:04,640 --> 00:09:06,640 Speaker 1: that issue. You're putting it up there as a single 169 00:09:06,679 --> 00:09:10,000 Speaker 1: issue decision. As you're describing, I mean East, she is 170 00:09:10,000 --> 00:09:12,200 Speaker 1: going to make their own decision. And some of the 171 00:09:12,240 --> 00:09:14,720 Speaker 1: swinging stages this year, it is more of a boot point, 172 00:09:14,760 --> 00:09:18,400 Speaker 1: for instance in Nevada, where you have um tossed up 173 00:09:18,400 --> 00:09:21,480 Speaker 1: governors race, a toss up Senate race that could be 174 00:09:21,520 --> 00:09:25,439 Speaker 1: instrumental in deciding the majority um where it's already been 175 00:09:25,520 --> 00:09:28,319 Speaker 1: legal and is enshrined in the constitution there in Nevada. 176 00:09:28,400 --> 00:09:31,120 Speaker 1: So that takes some of the pressure off Republicans. But 177 00:09:31,200 --> 00:09:33,800 Speaker 1: then I think what it also tells us is that 178 00:09:34,520 --> 00:09:37,080 Speaker 1: you have so many of these candidates that are winning 179 00:09:37,080 --> 00:09:40,160 Speaker 1: Republican primaries. It used to be sort of the UK 180 00:09:40,320 --> 00:09:45,080 Speaker 1: Republicans were anti abortion largely, but they supported exceptions and 181 00:09:45,240 --> 00:09:47,960 Speaker 1: candidates in the past and not support those exceptions. We 182 00:09:48,000 --> 00:09:50,720 Speaker 1: saw that particularly in the twenty twelve elections with Toddy 183 00:09:50,720 --> 00:09:53,960 Speaker 1: Aiken and Missouri and Richard Murdoch in Indiana and Senate 184 00:09:54,040 --> 00:09:56,720 Speaker 1: races that were very winnable for Republicans that they lost 185 00:09:56,800 --> 00:10:00,360 Speaker 1: because of comments they made about rape and abortion. And 186 00:10:00,800 --> 00:10:04,200 Speaker 1: really the commonality that I'm seeing among some of these Republicans, 187 00:10:04,240 --> 00:10:09,040 Speaker 1: particularly Senate and governor Senate Canada especially, is that there 188 00:10:09,200 --> 00:10:13,000 Speaker 1: is no exceptions and perhaps life of the mother, but 189 00:10:13,600 --> 00:10:17,080 Speaker 1: that's about it. Um. And so how much of this 190 00:10:17,160 --> 00:10:19,880 Speaker 1: out of step because this isn't just you know, I 191 00:10:19,920 --> 00:10:22,840 Speaker 1: think there is this. America is sort of in the 192 00:10:22,880 --> 00:10:25,560 Speaker 1: middle on this. They don't want unrestricted abortion. This is 193 00:10:25,600 --> 00:10:28,719 Speaker 1: what Republicans are arguing the Democrats want, but it took 194 00:10:28,760 --> 00:10:30,920 Speaker 1: a lot of Republicans to make that happen. Last night 195 00:10:30,960 --> 00:10:33,200 Speaker 1: though did not. But you see that as an outlier, 196 00:10:34,600 --> 00:10:35,960 Speaker 1: I'm not sure if as an outlier. I think we 197 00:10:36,000 --> 00:10:38,480 Speaker 1: need more data and I think the polling where we 198 00:10:38,520 --> 00:10:42,520 Speaker 1: will see because this again voting gives us concrete data, certainly, 199 00:10:42,960 --> 00:10:46,000 Speaker 1: and we have seen polling where this is, you know, 200 00:10:46,080 --> 00:10:50,559 Speaker 1: where people want to still support UM, want abortion access. 201 00:10:50,720 --> 00:10:53,240 Speaker 1: But again it's not just a clean up or down 202 00:10:53,360 --> 00:10:56,080 Speaker 1: vote come November. We have a lot to learn still 203 00:10:56,080 --> 00:10:58,080 Speaker 1: on this as we spend time with Jessica Taylor of 204 00:10:58,080 --> 00:11:01,240 Speaker 1: the Cook Political Report here on Bloomberg Sound On, and well, 205 00:11:01,280 --> 00:11:03,439 Speaker 1: of course it was. It was an important day on 206 00:11:03,480 --> 00:11:06,800 Speaker 1: the campaign trail across the board. Let's get into some 207 00:11:06,920 --> 00:11:09,480 Speaker 1: of when they count the votes. We are going to 208 00:11:09,520 --> 00:11:12,240 Speaker 1: win this and there's no path to victory for our opponent. 209 00:11:12,440 --> 00:11:15,720 Speaker 1: That's Carrie Lake endorsed by Donald Trump in the Republican 210 00:11:15,720 --> 00:11:19,240 Speaker 1: gubernatorial primary in Arizona, claiming victory last night even though 211 00:11:19,240 --> 00:11:22,360 Speaker 1: the race had not been called victory over the Mike 212 00:11:22,440 --> 00:11:27,320 Speaker 1: Pence endorsed Karen Taylor Robson. She started making vague accusations 213 00:11:27,400 --> 00:11:35,640 Speaker 1: about voter fraud before even before the first vote was counted. 214 00:11:36,800 --> 00:11:40,680 Speaker 1: But don't let her get you down. Remember, talk is 215 00:11:40,760 --> 00:11:44,920 Speaker 1: cheap start in Arizona only because we'll go out. I 216 00:11:44,960 --> 00:11:48,240 Speaker 1: guess alphabetical here, Jessica, how do you see this one 217 00:11:48,280 --> 00:11:51,959 Speaker 1: turning out? Carry Lake obviously is taking some advice from 218 00:11:52,000 --> 00:11:55,560 Speaker 1: Donald Trump on how to take credit for things right. Well, 219 00:11:55,760 --> 00:11:58,520 Speaker 1: she is the Trump endorsed candidate. She has an election 220 00:11:58,559 --> 00:12:02,480 Speaker 1: conspiracy theorists. Um, she's a former TV news anchor there 221 00:12:02,480 --> 00:12:05,400 Speaker 1: in Phoenix. She's well known because she's I'm your gone. 222 00:12:05,440 --> 00:12:08,360 Speaker 1: It's just sort of a radical transformation and to complete 223 00:12:08,360 --> 00:12:12,200 Speaker 1: Trump accolyte there and uh, and she is a riskier 224 00:12:12,240 --> 00:12:14,920 Speaker 1: general election candidate. She is leading. This race has not 225 00:12:15,040 --> 00:12:18,040 Speaker 1: been called. But um, you know, as her opponent noted 226 00:12:18,080 --> 00:12:20,439 Speaker 1: there too, she was claiming fraud even before and then 227 00:12:20,679 --> 00:12:24,200 Speaker 1: now there's no fraud. So, um, it's this is you know, 228 00:12:24,760 --> 00:12:27,560 Speaker 1: something that we see other candidates doing. It's only fraud. 229 00:12:27,720 --> 00:12:30,400 Speaker 1: And if I lose, you know, So is this good 230 00:12:30,480 --> 00:12:32,920 Speaker 1: for Donald Trump? That it hasn't been called yet? And 231 00:12:32,920 --> 00:12:37,520 Speaker 1: I asked, because Um, Mike Pence has chosen candidate seems 232 00:12:37,559 --> 00:12:42,319 Speaker 1: to be performing just about as well. Um, minor standing 233 00:12:42,400 --> 00:12:45,240 Speaker 1: is probably the outstanding. Ballots are probably going to favor late, 234 00:12:45,280 --> 00:12:47,199 Speaker 1: but we will see what the final totals come in. 235 00:12:47,280 --> 00:12:51,040 Speaker 1: You can never really tell. But um, I mean it's 236 00:12:51,080 --> 00:12:54,440 Speaker 1: good for Trump that his candidate one. He's gonna tout 237 00:12:54,440 --> 00:12:57,960 Speaker 1: that certainly, but it could still lose them a seat 238 00:12:58,000 --> 00:13:01,760 Speaker 1: in November sort of, Trump looks at He looks at 239 00:13:01,800 --> 00:13:04,480 Speaker 1: the trees and not at the forest, because he wants 240 00:13:04,520 --> 00:13:07,800 Speaker 1: to endorse candidates that are going to be loyal to him, 241 00:13:07,800 --> 00:13:12,040 Speaker 1: that parent his election lies, and those are not necessarily 242 00:13:12,080 --> 00:13:14,680 Speaker 1: the best general election candidates. I mean, he has already 243 00:13:14,679 --> 00:13:19,320 Speaker 1: cost Republicans two seats to two governors races in Massachusetts, 244 00:13:19,360 --> 00:13:22,880 Speaker 1: in Maryland by backing uh far right candidates that cannot 245 00:13:22,880 --> 00:13:25,920 Speaker 1: win in those blue states. In one place in Um 246 00:13:25,920 --> 00:13:30,160 Speaker 1: in Massachusetts, forcing a moderate governor to retire instead of 247 00:13:30,240 --> 00:13:35,080 Speaker 1: run again. And Arizona. Doug Doocey there who backed Rob 248 00:13:35,200 --> 00:13:37,800 Speaker 1: Ropeson is the r g A chairman. He knows how 249 00:13:37,800 --> 00:13:40,480 Speaker 1: important this race is. Do you think Charlie Baker would 250 00:13:40,480 --> 00:13:44,080 Speaker 1: have run again if it weren't for Trump? UM. A 251 00:13:44,120 --> 00:13:45,839 Speaker 1: lot of Republicans I've talked to you think that he 252 00:13:45,880 --> 00:13:49,360 Speaker 1: would have, But ultimately, you know, because he very well 253 00:13:49,400 --> 00:13:51,040 Speaker 1: could have lost in a primary because a lot of 254 00:13:51,080 --> 00:13:53,440 Speaker 1: his support comes from independence and Democrats in the state 255 00:13:53,840 --> 00:13:58,000 Speaker 1: versus the Republican basis popular governors in the country though, 256 00:13:58,040 --> 00:14:01,200 Speaker 1: right or so? We here Blake tell me about Blake 257 00:14:01,280 --> 00:14:05,520 Speaker 1: masters on the Senate primary is Senator Kelly in trouble. 258 00:14:05,600 --> 00:14:08,200 Speaker 1: This is the Trump endorsed candidate who is now the 259 00:14:08,200 --> 00:14:12,160 Speaker 1: Republican nominee Senator Kelly has been in trouble because of 260 00:14:12,200 --> 00:14:14,640 Speaker 1: the environment and the fact that he is running in 261 00:14:14,640 --> 00:14:17,679 Speaker 1: a state that Biden only one by three tempts of 262 00:14:18,040 --> 00:14:19,560 Speaker 1: that he's gone an opponent though, what is what do 263 00:14:19,640 --> 00:14:22,480 Speaker 1: you what does this actual matchup tell you? I mean, 264 00:14:22,520 --> 00:14:25,000 Speaker 1: Masters is the weakest of the possible candidates that could 265 00:14:25,040 --> 00:14:28,200 Speaker 1: have won UM. He has a lot of controversial writings 266 00:14:28,200 --> 00:14:30,960 Speaker 1: that Democrats have already honed in on, saying favorable things 267 00:14:31,000 --> 00:14:34,880 Speaker 1: about quoting Nazis and the Unit Bomber, and he's talked 268 00:14:34,920 --> 00:14:38,480 Speaker 1: about abolishing Social Security. They will definitely play that in 269 00:14:38,520 --> 00:14:44,120 Speaker 1: retiree heavy um Arizona UM he has. He's another Peter 270 00:14:44,200 --> 00:14:49,800 Speaker 1: Teel candidate, the billionaire venture capitalist. It's also back to J. D. 271 00:14:49,840 --> 00:14:53,800 Speaker 1: Evanson Ohio. And I think this is a race that 272 00:14:54,120 --> 00:14:57,080 Speaker 1: I've heard a lot of worry from Republicans in the 273 00:14:57,120 --> 00:15:01,720 Speaker 1: past week or so about Masters versus Kelly. Who Kelly 274 00:15:01,880 --> 00:15:05,720 Speaker 1: is popular. He's a former astronaut. There's probably no better 275 00:15:05,720 --> 00:15:07,920 Speaker 1: thing you can be in politics than an astronaut because 276 00:15:07,920 --> 00:15:11,760 Speaker 1: everybody loves astronauts. Um, he's running ahead of Biden again 277 00:15:11,800 --> 00:15:15,520 Speaker 1: and ahead of Biden's favorability, so this could be a 278 00:15:15,520 --> 00:15:17,120 Speaker 1: real race. A lot of people had kind of written 279 00:15:17,160 --> 00:15:19,400 Speaker 1: him off. This was its supposed to be one of 280 00:15:19,080 --> 00:15:23,320 Speaker 1: the seats that Republicans could flip. Right, No, it's it's 281 00:15:23,320 --> 00:15:25,240 Speaker 1: a race. It's still going to be a race. But 282 00:15:25,880 --> 00:15:28,640 Speaker 1: I think Masters was the weaker of the candidates really 283 00:15:28,640 --> 00:15:31,920 Speaker 1: because there's just a treasure trove of of you know, 284 00:15:31,960 --> 00:15:34,920 Speaker 1: opposition research on him that's going to come out. Lastly, 285 00:15:34,960 --> 00:15:38,480 Speaker 1: I'll ask you, Jessica about the the impeachers, as Donald 286 00:15:38,520 --> 00:15:43,040 Speaker 1: Trump likes to call them. Three House Republicans on primary ballots. 287 00:15:43,160 --> 00:15:45,400 Speaker 1: Last night, I realized we have two that I believe 288 00:15:45,600 --> 00:15:48,640 Speaker 1: are are are not able to call yet in Washington State. 289 00:15:48,680 --> 00:15:52,000 Speaker 1: But it was not a good night for Congressman Peter 290 00:15:52,200 --> 00:15:57,600 Speaker 1: Meyer in Michigan. And there was some Democratic meddling in 291 00:15:57,640 --> 00:15:59,400 Speaker 1: this race. There were a lot of questions about a 292 00:15:59,480 --> 00:16:02,520 Speaker 1: Democrats actually we're helping a prop up John Gibbs, the 293 00:16:02,560 --> 00:16:06,360 Speaker 1: Trump endorsed candidate there. Right, We've seen this in some 294 00:16:06,480 --> 00:16:10,400 Speaker 1: of Governor's racism and other places, but not in not 295 00:16:10,520 --> 00:16:14,680 Speaker 1: in states where really the candidate the election denier candidate 296 00:16:14,720 --> 00:16:17,120 Speaker 1: could feasibly win. This has been in blue or states. 297 00:16:17,120 --> 00:16:19,880 Speaker 1: They're trying to, you know, take off the table um. 298 00:16:20,000 --> 00:16:23,760 Speaker 1: And here though you have Gibbs, who is an election 299 00:16:23,800 --> 00:16:27,280 Speaker 1: DENI are worked in the Trump administration. Um Mayer someone 300 00:16:27,560 --> 00:16:30,120 Speaker 1: that you had a lot of Democrats being very upset 301 00:16:30,160 --> 00:16:32,160 Speaker 1: that the D Triple C came in and spent here. 302 00:16:32,520 --> 00:16:36,520 Speaker 1: But did they make the general easier for Democrats? Um? 303 00:16:36,640 --> 00:16:39,400 Speaker 1: They did. But given again, it's no sure thing. You 304 00:16:39,440 --> 00:16:41,120 Speaker 1: may thank this guy is gonna be easier to beat, 305 00:16:41,160 --> 00:16:43,480 Speaker 1: but a lot of people thought that about Donald Trump 306 00:16:43,480 --> 00:16:46,840 Speaker 1: in as well. So well, they're setting themselves up in 307 00:16:46,840 --> 00:16:49,360 Speaker 1: a lot of cases. To your point, if if this 308 00:16:49,440 --> 00:16:51,320 Speaker 1: is the bad strategy, we're gonna be hearing a lot 309 00:16:51,360 --> 00:16:53,880 Speaker 1: about it. Jessica Taylor, thank you for coming in. It's 310 00:16:53,880 --> 00:16:55,840 Speaker 1: great to talk to you again. Senate Governors edited the 311 00:16:55,880 --> 00:16:58,920 Speaker 1: Cook Political Report with us on Bloomberg. Sound on. I'm 312 00:16:59,000 --> 00:17:03,200 Speaker 1: Joe Matthew in Washington as we assemble the panel. The 313 00:17:03,360 --> 00:17:13,440 Speaker 1: night after Eric one yo, Eric Schmitt, yes, Eric Schmidt one. Uh, 314 00:17:13,480 --> 00:17:15,480 Speaker 1: not a good night for Eric Britten's. In fact, it 315 00:17:15,520 --> 00:17:19,400 Speaker 1: was fairly decisive here this of course, Uh, the Republican 316 00:17:19,440 --> 00:17:22,040 Speaker 1: primary for Senate in Missouri. We had a little bit 317 00:17:22,040 --> 00:17:24,080 Speaker 1: of fun with this last night because if you might remember, 318 00:17:24,080 --> 00:17:27,480 Speaker 1: Donald Trump endorsed simply Eric without a last name, knowing 319 00:17:27,520 --> 00:17:30,560 Speaker 1: to Eric's we're running. Jennie Schanzano was with US Bloomberg 320 00:17:30,600 --> 00:17:35,360 Speaker 1: Politics contributor Democratic Analysts, and I know that you had 321 00:17:35,400 --> 00:17:37,640 Speaker 1: some fun last evening with this one, chap and Faye 322 00:17:37,720 --> 00:17:40,280 Speaker 1: is with US UH as well. Republican strategist, former Press 323 00:17:40,320 --> 00:17:44,119 Speaker 1: secretary for the Governor of New York, George Pataki Chapen. 324 00:17:44,200 --> 00:17:46,000 Speaker 1: Great to have you back, Jeanie. What do you think 325 00:17:46,080 --> 00:17:48,720 Speaker 1: of what we learned last evening here? Uh, it's a 326 00:17:48,720 --> 00:17:52,840 Speaker 1: little bit difficult to to draw trend lines from last night, 327 00:17:52,880 --> 00:17:55,440 Speaker 1: But why don't we start with Kansas because that could 328 00:17:55,480 --> 00:17:59,400 Speaker 1: have ripple effects on the primary trail for the next 329 00:17:59,480 --> 00:18:02,280 Speaker 1: couple of Or does it tell us anything about primary 330 00:18:02,320 --> 00:18:06,399 Speaker 1: elections in November. Well, it's given Democrats a lot of 331 00:18:06,440 --> 00:18:09,639 Speaker 1: wind in their sales. Um. You know, there was talk 332 00:18:09,880 --> 00:18:13,040 Speaker 1: that this may not go the way of the pro 333 00:18:13,160 --> 00:18:17,200 Speaker 1: life movement, but I think you know, turn out alone 334 00:18:17,680 --> 00:18:21,040 Speaker 1: up at about just over about nine hundred thousand equivalent 335 00:18:21,080 --> 00:18:24,920 Speaker 1: with the two thousand and eighteen general election in August primary. 336 00:18:24,920 --> 00:18:27,640 Speaker 1: And let's not forget the cynical reason the legislature put 337 00:18:27,720 --> 00:18:30,679 Speaker 1: this on primary day was because there's not a lot 338 00:18:30,720 --> 00:18:33,119 Speaker 1: of Democrats and not a lot of Democratic primaries in 339 00:18:33,160 --> 00:18:36,600 Speaker 1: red Kansas. So they put it there expecting the Republicans 340 00:18:36,640 --> 00:18:39,639 Speaker 1: pro life would get out. And these numbers are astounding. 341 00:18:39,680 --> 00:18:42,760 Speaker 1: So there's both the turnout and there's the the big win. 342 00:18:43,240 --> 00:18:45,320 Speaker 1: And you know, you look at some of these counties 343 00:18:45,359 --> 00:18:48,160 Speaker 1: and you're looking at you know, in counties that are rural, 344 00:18:48,240 --> 00:18:51,280 Speaker 1: you're looking at fort saying they don't want to give 345 00:18:51,320 --> 00:18:54,840 Speaker 1: the government this power to change the their ability to 346 00:18:54,920 --> 00:18:58,399 Speaker 1: make reproductive health decisions. So it's a big win for 347 00:18:58,480 --> 00:19:01,720 Speaker 1: Democrats in that respect. The question as doesn't translate to November, 348 00:19:02,000 --> 00:19:04,800 Speaker 1: and that's a huge another issue, and I'm not sure 349 00:19:04,840 --> 00:19:07,520 Speaker 1: it does. But listen, things are so bad for Democrats 350 00:19:07,600 --> 00:19:10,080 Speaker 1: right now. This is a very good sign. This and 351 00:19:10,160 --> 00:19:12,679 Speaker 1: Donald Trump maybe just what they need to turn the corner. 352 00:19:12,840 --> 00:19:16,159 Speaker 1: So did this, Chape and Faye temper your expectations for 353 00:19:16,200 --> 00:19:21,080 Speaker 1: Republicans in November or is this a one off? I mean, 354 00:19:21,119 --> 00:19:24,320 Speaker 1: I think, um, you know, like your previous guests said, 355 00:19:24,359 --> 00:19:25,840 Speaker 1: we need a little bit more data on it. But 356 00:19:25,880 --> 00:19:28,680 Speaker 1: I do think this is a you know, huge red 357 00:19:28,680 --> 00:19:32,000 Speaker 1: flag alarm bell should be going off. UM. You know, 358 00:19:32,440 --> 00:19:36,159 Speaker 1: as you mentioned turnout and the stunning wind in a 359 00:19:36,240 --> 00:19:41,600 Speaker 1: state like Kansas. UM, you know you're you're seeing, uh, 360 00:19:41,800 --> 00:19:45,040 Speaker 1: the generic ballot nationally tighten up a little bit more. 361 00:19:45,160 --> 00:19:48,280 Speaker 1: I think over recent weeks and months, and I think 362 00:19:48,320 --> 00:19:50,480 Speaker 1: it's the Roe v. Wade decision had a lot to 363 00:19:50,520 --> 00:19:53,359 Speaker 1: do with that. UM. I think this is shaping up 364 00:19:53,359 --> 00:19:55,680 Speaker 1: to be much closer than people think. I still think 365 00:19:55,680 --> 00:19:58,920 Speaker 1: Republicans will probably you know, take back the House because 366 00:19:58,960 --> 00:20:01,920 Speaker 1: the margin is so small, but I don't think there's 367 00:20:01,920 --> 00:20:04,359 Speaker 1: gonna be I think there's gonna be title waves in 368 00:20:04,480 --> 00:20:08,440 Speaker 1: certain states, in certain areas. UM. But I think this 369 00:20:08,520 --> 00:20:10,480 Speaker 1: is this is going to temper that a little bit. 370 00:20:10,840 --> 00:20:13,640 Speaker 1: To the extent that abortion is being litigator on election day, 371 00:20:13,680 --> 00:20:18,840 Speaker 1: that is that is generally not good for Republicans. This 372 00:20:18,960 --> 00:20:21,440 Speaker 1: is a major indicator in in that front here because 373 00:20:21,480 --> 00:20:23,520 Speaker 1: a lot of folks have been questioning whether this would 374 00:20:23,560 --> 00:20:26,800 Speaker 1: in fact mobilize voters. And here we saw twice the turnout, 375 00:20:26,880 --> 00:20:30,760 Speaker 1: almost twice the turnout of the primary in two thousand 376 00:20:30,960 --> 00:20:33,840 Speaker 1: eighteen in Kansas. As you look at some of the 377 00:20:33,880 --> 00:20:36,359 Speaker 1: other primary elections. I don't know if we learned a 378 00:20:36,400 --> 00:20:40,280 Speaker 1: lot there. Certainly weren't too many surprises. Genie one impeachers 379 00:20:40,359 --> 00:20:43,600 Speaker 1: so so called, was fired. Two more we have to 380 00:20:43,720 --> 00:20:46,840 Speaker 1: find out. We knew Trump was gonna play well in Arizona. 381 00:20:46,880 --> 00:20:50,199 Speaker 1: That includes down ballot. Mark Fincham won the primary for 382 00:20:50,280 --> 00:20:52,600 Speaker 1: secretary of State. He's going to be running the elections 383 00:20:52,680 --> 00:20:56,280 Speaker 1: in Arizona as an election denier, and they they sent 384 00:20:56,800 --> 00:21:00,560 Speaker 1: Rusty Bowers to the shower. Genie, how in Porton is 385 00:21:00,600 --> 00:21:03,280 Speaker 1: that Mark finch Um race. I feel like that's when 386 00:21:03,320 --> 00:21:05,639 Speaker 1: people should be talking a lot more about, you know 387 00:21:05,720 --> 00:21:08,439 Speaker 1: it is. And you know, I just kept thinking last night, 388 00:21:08,480 --> 00:21:10,840 Speaker 1: what a division between a place like Arizona on the 389 00:21:10,840 --> 00:21:14,639 Speaker 1: GOP side, whereas you mentioned election deniers, and certainly you 390 00:21:14,680 --> 00:21:17,120 Speaker 1: have the a G race, the secretary of state race, 391 00:21:17,359 --> 00:21:19,840 Speaker 1: you know, the governor's race, the Senate on the GOP side, 392 00:21:20,119 --> 00:21:22,800 Speaker 1: versus a place like Georgia where where people making that 393 00:21:22,880 --> 00:21:26,240 Speaker 1: case were turned away. So there is a big division there. 394 00:21:26,600 --> 00:21:29,159 Speaker 1: And so you know, I think we're gonna have to 395 00:21:29,160 --> 00:21:31,520 Speaker 1: look state by state at this. You know, one takeaway 396 00:21:31,520 --> 00:21:35,520 Speaker 1: from last night is that Donald Trump does retain enormous 397 00:21:35,560 --> 00:21:39,119 Speaker 1: sway over the GOP base. And so when you're talking 398 00:21:39,119 --> 00:21:42,600 Speaker 1: about primaries like this, he really does have it still enormous, 399 00:21:42,600 --> 00:21:45,320 Speaker 1: not you know, power. It doesn't mean he's you know, 400 00:21:45,400 --> 00:21:47,679 Speaker 1: all knowing and all forceful, but he does have a 401 00:21:47,720 --> 00:21:51,640 Speaker 1: lot of sway. But that said, the what Democrats are hoping, 402 00:21:51,680 --> 00:21:54,240 Speaker 1: of course, is that if you get candidates who are 403 00:21:54,359 --> 00:21:58,480 Speaker 1: too extreme and still focused on as opposed to two 404 00:21:58,520 --> 00:22:01,119 Speaker 1: and looking forward, that may work to their advantage. And 405 00:22:01,400 --> 00:22:04,359 Speaker 1: you know, as Jessica just said, somebody like Mark Kelly 406 00:22:04,480 --> 00:22:06,879 Speaker 1: is feeling pretty good that they can maybe retain this 407 00:22:07,000 --> 00:22:09,720 Speaker 1: Senate seat going up after Blake Masters. So this is 408 00:22:09,760 --> 00:22:12,320 Speaker 1: a good day for Democrats. Hence the D Triple C 409 00:22:12,600 --> 00:22:15,520 Speaker 1: funders funding these you know, extremist candidates, which I'm not 410 00:22:15,560 --> 00:22:18,199 Speaker 1: a fan of. Well, god knows, Donald Trump had a 411 00:22:18,200 --> 00:22:21,960 Speaker 1: good night in Missouri Chapin. I guess he he would 412 00:22:21,960 --> 00:22:27,639 Speaker 1: have either way. Eric first, fighters who will advance the 413 00:22:27,680 --> 00:22:33,560 Speaker 1: America First agenda, secure the border, and finish President Trump's 414 00:22:33,600 --> 00:22:39,440 Speaker 1: wall Er Schmidt's not Brighton's wins. This one peculiar. It's 415 00:22:39,480 --> 00:22:42,439 Speaker 1: a Republican Senate primary, of course, it's important that's the 416 00:22:42,480 --> 00:22:46,879 Speaker 1: Attorney General, Eric Schmidt also an election denier. But what 417 00:22:46,920 --> 00:22:50,240 Speaker 1: did you make of that whole not endorsement chapin with 418 00:22:50,480 --> 00:22:56,880 Speaker 1: Donald Trump just joking around, you know. It's it's it's 419 00:22:57,000 --> 00:22:59,920 Speaker 1: very hard to tell sometimes what President Trump is doing 420 00:23:00,119 --> 00:23:04,040 Speaker 1: or thinking, um in his actions and tweets. Um. I 421 00:23:04,080 --> 00:23:07,200 Speaker 1: think it was probably a big hedge. Um. One thing 422 00:23:07,240 --> 00:23:09,920 Speaker 1: we know about Trump as he likes to side with winners, right. 423 00:23:09,960 --> 00:23:13,480 Speaker 1: I mean, most of most endorsers on the cynical side 424 00:23:13,480 --> 00:23:16,800 Speaker 1: of politics want to endorse the winner, right, Um, you know, 425 00:23:16,880 --> 00:23:19,280 Speaker 1: and and and it's less about principle than it is 426 00:23:19,280 --> 00:23:21,600 Speaker 1: about you know, pick a winner. So I think that's 427 00:23:21,640 --> 00:23:24,439 Speaker 1: probably what he was doing. So it's a hedge with 428 00:23:24,480 --> 00:23:27,560 Speaker 1: a smirk. Although I hear that Republicans were relieved that 429 00:23:27,720 --> 00:23:29,720 Speaker 1: it was not Eric Written's would you agree with that? 430 00:23:31,240 --> 00:23:34,080 Speaker 1: I think so. I mean, you know, uh, the former 431 00:23:34,119 --> 00:23:35,960 Speaker 1: president still has a lot of sway as we saw 432 00:23:36,080 --> 00:23:40,240 Speaker 1: last night. Um, so his his endorsement is meaningful. So 433 00:23:40,320 --> 00:23:43,040 Speaker 1: to the extent, I do think they were relieved because 434 00:23:43,080 --> 00:23:44,840 Speaker 1: if he had been more specific and going with the 435 00:23:44,840 --> 00:23:46,919 Speaker 1: other guy, it could have been it could have been 436 00:23:46,920 --> 00:23:49,800 Speaker 1: a different outcome. Brighten's of course, the man with the 437 00:23:50,080 --> 00:23:52,520 Speaker 1: rhino hunting license. I guess that won't be available in 438 00:23:52,560 --> 00:23:55,120 Speaker 1: Missouri now, A great panel, of course, they'll be back. 439 00:23:55,640 --> 00:23:58,359 Speaker 1: Genie Chanzano and Chapin Faye with us as we turned 440 00:23:58,400 --> 00:24:02,720 Speaker 1: back to breaking news on Capitol Hill on reconciliation. This 441 00:24:02,840 --> 00:24:10,480 Speaker 1: is Bloomberg broadcasting live from our nation's capital, Bloomberg to 442 00:24:10,600 --> 00:24:14,800 Speaker 1: New York, Bloomberg eleven, Frio to Boston, Bloomberg one oh 443 00:24:14,880 --> 00:24:18,560 Speaker 1: six one to San Francisco, Bloomberg nine sixty to the 444 00:24:18,600 --> 00:24:22,600 Speaker 1: Country Serious XM Channel one nine and around the globe 445 00:24:22,640 --> 00:24:26,520 Speaker 1: the Bloomberg Business app and Bloomberg Radio dot Com. This 446 00:24:26,920 --> 00:24:32,199 Speaker 1: is Bloomberg Sound On with Joe Matthew. Democrats in the 447 00:24:32,280 --> 00:24:35,080 Speaker 1: Senate thought they were days away from a vote on 448 00:24:35,119 --> 00:24:38,320 Speaker 1: the climate in tax bill worked out between Joe Mansion 449 00:24:38,320 --> 00:24:42,880 Speaker 1: and Chuck Schumer. Even the CBO confirmed the deficit numbers 450 00:24:43,119 --> 00:24:47,240 Speaker 1: in the bill, but kirston Cinema Wealth that all may 451 00:24:47,280 --> 00:24:49,800 Speaker 1: be changing. We'll talk about it next with Bloomberg Government's 452 00:24:49,880 --> 00:24:53,280 Speaker 1: Jack Fitzpatrick live from Capitol Hill. Senate Majority Leader Chuck 453 00:24:53,280 --> 00:24:56,200 Speaker 1: Schumer was sounding pretty confidence on the Senate floor this 454 00:24:56,240 --> 00:24:59,800 Speaker 1: morning over progress on the Democrats climate and tax bill, 455 00:24:59,840 --> 00:25:02,800 Speaker 1: though when they call the Inflation Reduction Acts. We will 456 00:25:02,800 --> 00:25:06,440 Speaker 1: protect health care, we will lower the price of prescription drugs, 457 00:25:06,720 --> 00:25:10,199 Speaker 1: and make energy cheaper while making the largest investment in 458 00:25:10,240 --> 00:25:15,080 Speaker 1: clean energy ever. These are things that Americans support. These 459 00:25:15,119 --> 00:25:18,480 Speaker 1: are things that our country needs, and these are things 460 00:25:18,520 --> 00:25:21,080 Speaker 1: that we're going to get done when we pass the 461 00:25:21,080 --> 00:25:25,360 Speaker 1: Inflation Reduction Act in the coming days in the coming days, 462 00:25:26,520 --> 00:25:31,399 Speaker 1: generating headlines, but maybe not as Bloomberg Now reports that 463 00:25:31,520 --> 00:25:35,639 Speaker 1: Kirston Cinema is looking to make some changes here. As 464 00:25:35,680 --> 00:25:39,520 Speaker 1: we discussed earlier with Eric Wasson that carried interest component 465 00:25:39,600 --> 00:25:42,760 Speaker 1: here and the corporate tax that the very issues that 466 00:25:42,840 --> 00:25:47,080 Speaker 1: people were concerned about in thoughtful jeez, maybe maybe Joe 467 00:25:47,119 --> 00:25:50,280 Speaker 1: Mansion kind of knew what she was thinking. He suggested 468 00:25:50,320 --> 00:25:54,200 Speaker 1: as much on Sunday. Remember played that for you a 469 00:25:54,200 --> 00:25:56,480 Speaker 1: little while ago. ABC this week, didn't you talk to 470 00:25:56,760 --> 00:25:59,119 Speaker 1: kirston Cinema, Senator? She has an awful lot in this 471 00:25:59,160 --> 00:26:01,640 Speaker 1: piece of legislation, in the way it's been designed. As 472 00:26:01,680 --> 00:26:04,520 Speaker 1: far as the reduction of Medicare, Let Medicare go ahead 473 00:26:04,840 --> 00:26:08,399 Speaker 1: and negotiate for lower drug prices, She's very involved in that. 474 00:26:08,680 --> 00:26:14,080 Speaker 1: What about the rest minimum tax, corporate minimum tax? What 475 00:26:14,160 --> 00:26:17,760 Speaker 1: about ending carried interest because apparently she's not on board 476 00:26:17,800 --> 00:26:21,399 Speaker 1: with either of them. We thought we'd be having a 477 00:26:21,400 --> 00:26:24,480 Speaker 1: different conversation today with Jack Fitzpatrick, but this just broke 478 00:26:24,520 --> 00:26:26,800 Speaker 1: a short time ago. He's with us, of course, Bloomberg 479 00:26:26,840 --> 00:26:31,320 Speaker 1: Government Congress reporter. Uh, how concerned is the leadership about 480 00:26:31,359 --> 00:26:34,920 Speaker 1: this development? Jack? Did the whole timeline just changed. I 481 00:26:34,960 --> 00:26:38,240 Speaker 1: don't know if the whole timeline has changed yet. We 482 00:26:38,359 --> 00:26:41,720 Speaker 1: knew that Senator Cinema would be the person to watch here, 483 00:26:41,760 --> 00:26:44,479 Speaker 1: and we really knew about the issue of the carried 484 00:26:44,560 --> 00:26:49,439 Speaker 1: interest loophole. Now the fact that she also wants a 485 00:26:49,640 --> 00:26:55,800 Speaker 1: change to that fiferent corporate minimum tax, that's interesting. Apparently 486 00:26:55,840 --> 00:26:59,920 Speaker 1: she is pushing to narrow that the circumstances in which 487 00:27:00,040 --> 00:27:02,960 Speaker 1: would apply. It's not necessarily that she's trying to throw 488 00:27:03,000 --> 00:27:06,000 Speaker 1: it out entirely. It very well made maybe the case 489 00:27:06,440 --> 00:27:08,879 Speaker 1: that if she gets what she wants, it wouldn't make 490 00:27:08,960 --> 00:27:11,480 Speaker 1: a huge difference in terms of the tax revenue that 491 00:27:11,520 --> 00:27:13,800 Speaker 1: this would bring in, and therefore wouldn't make a big 492 00:27:13,880 --> 00:27:18,400 Speaker 1: difference in the deficit reduction outcome and all of that. 493 00:27:18,600 --> 00:27:21,600 Speaker 1: The carried interest measures only fourteen billion dollars of revenue 494 00:27:22,040 --> 00:27:25,440 Speaker 1: in the bill, that would raise more than seven So look, 495 00:27:25,480 --> 00:27:27,520 Speaker 1: they need her vote. If they don't get her vote, 496 00:27:27,560 --> 00:27:30,840 Speaker 1: this thing falls apart. Impossible though that what she's asking 497 00:27:30,880 --> 00:27:33,879 Speaker 1: for would not fundamentally change the bill. Uh, And they 498 00:27:33,960 --> 00:27:36,600 Speaker 1: knew that this would not be an easy easy task. 499 00:27:36,680 --> 00:27:38,840 Speaker 1: They've got to get everybody on board, and they're bound 500 00:27:38,840 --> 00:27:42,159 Speaker 1: to be some lastminute negotiations. Uh. They do seem to 501 00:27:42,200 --> 00:27:44,639 Speaker 1: think that, you know, work over the weekends, maybe early 502 00:27:44,720 --> 00:27:46,800 Speaker 1: next week. This is something that they can still get done. 503 00:27:46,960 --> 00:27:49,720 Speaker 1: Joe Mansion's refrain on on all the Sunday morning shows 504 00:27:49,720 --> 00:27:52,000 Speaker 1: and needed them all was we have there are no 505 00:27:52,320 --> 00:27:58,000 Speaker 1: tax hikes here, only closing closing tax loopholes. I'm assuming 506 00:27:58,080 --> 00:28:01,040 Speaker 1: that she is not seeing it that way. So you 507 00:28:01,040 --> 00:28:04,760 Speaker 1: eliminate the carried interest in this case, make Wall Street happy. 508 00:28:05,280 --> 00:28:07,760 Speaker 1: The corporate minimum tax though, wouldn't that involve like a 509 00:28:07,800 --> 00:28:12,600 Speaker 1: major rewrite of this plan. Uh? That depends. You know. 510 00:28:12,640 --> 00:28:15,399 Speaker 1: The conversation that had been happening going into this was 511 00:28:15,520 --> 00:28:19,680 Speaker 1: how many corporations? In which corporations does this apply to? Uh? 512 00:28:19,720 --> 00:28:22,040 Speaker 1: We you know, it's it's not like Senator Cinema has 513 00:28:22,240 --> 00:28:24,920 Speaker 1: a new draft that we can compare and contrast. But 514 00:28:25,040 --> 00:28:28,760 Speaker 1: for example, UH Senator Mansion was saying that fifteen percent 515 00:28:28,840 --> 00:28:33,560 Speaker 1: minimum should apply to UH corporations with a billion or 516 00:28:33,600 --> 00:28:38,000 Speaker 1: more in annual revenue. So if she wants to poke 517 00:28:38,040 --> 00:28:39,560 Speaker 1: a hole in that and say, well, there could be 518 00:28:39,560 --> 00:28:43,800 Speaker 1: carved outs for certain other kinds of corporations or raise 519 00:28:43,920 --> 00:28:47,120 Speaker 1: the threshold, that may not need to be a massive 520 00:28:47,200 --> 00:28:51,320 Speaker 1: rewrite if it's generally around the idea, the same idea 521 00:28:51,360 --> 00:28:54,200 Speaker 1: of a fifteen percent minimum, and there's a debate over 522 00:28:54,240 --> 00:28:57,560 Speaker 1: exactly who it who it UH applies to. She's not 523 00:28:57,600 --> 00:29:00,240 Speaker 1: even the only one who may want some change, you know. 524 00:29:00,280 --> 00:29:04,120 Speaker 1: For example, UM Senator Debbie Stabin now from Michigan wants 525 00:29:04,160 --> 00:29:08,440 Speaker 1: some changes on the tax credits for electric vehicles. There's 526 00:29:08,480 --> 00:29:10,160 Speaker 1: there's always going to be in a big bill like 527 00:29:10,200 --> 00:29:12,600 Speaker 1: this there until the very last moment, there's gonna be 528 00:29:12,600 --> 00:29:14,600 Speaker 1: a conversation about, well, what can we tweak? Can we 529 00:29:14,640 --> 00:29:18,080 Speaker 1: do this for my constituents? Uh, it's not easy to 530 00:29:18,120 --> 00:29:21,360 Speaker 1: pass it, but it doesn't necessarily mean a fundamental rewrite 531 00:29:21,400 --> 00:29:24,160 Speaker 1: or something deeply complex that would take a huge amount 532 00:29:24,160 --> 00:29:26,960 Speaker 1: of time to do. Okay, this is interesting. We're still 533 00:29:26,960 --> 00:29:29,000 Speaker 1: planning for a working weekend right that there could be 534 00:29:29,080 --> 00:29:31,680 Speaker 1: root rama this weekend. What's your expectation the next couple 535 00:29:31,680 --> 00:29:34,840 Speaker 1: of days, assuming they're talking with kirston Cinema. We've got 536 00:29:35,120 --> 00:29:37,920 Speaker 1: sources talking to Bloomberg. I mean, can we assume there's 537 00:29:37,920 --> 00:29:41,800 Speaker 1: a conversation going on here behind the scenes. Yes, we 538 00:29:41,800 --> 00:29:45,440 Speaker 1: can assume there's some level of communication, especially now that 539 00:29:45,520 --> 00:29:49,600 Speaker 1: we see Laura Davison and Eric Watson's report from earlier 540 00:29:49,640 --> 00:29:53,280 Speaker 1: today that Cinemas putting out you know, what her concerns are, 541 00:29:53,320 --> 00:29:56,600 Speaker 1: and that it's at least known to people, uh generally 542 00:29:56,640 --> 00:29:59,880 Speaker 1: talking to senators. We're not sure exactly what time and 543 00:30:00,080 --> 00:30:02,000 Speaker 1: day the rest of this is going to take place, 544 00:30:02,040 --> 00:30:07,240 Speaker 1: but yeah, the context is essentially trying to finish this, 545 00:30:07,600 --> 00:30:11,400 Speaker 1: if not over the weekend, then early next week. I 546 00:30:11,640 --> 00:30:14,840 Speaker 1: don't think anybody expects to be here in the middle 547 00:30:14,880 --> 00:30:17,680 Speaker 1: of or late next week. Obviously, again, there are there 548 00:30:17,720 --> 00:30:20,480 Speaker 1: are challenges, there are purdles they have to overcome, but 549 00:30:20,520 --> 00:30:24,240 Speaker 1: there's still basically on a near term timeline of trying 550 00:30:24,280 --> 00:30:26,480 Speaker 1: to get this built through the Senate over the next 551 00:30:26,960 --> 00:30:31,320 Speaker 1: uh you know, week or left. Jack Fitzpatrick, appreciate it. Jack, 552 00:30:31,360 --> 00:30:33,800 Speaker 1: It's great to talk with you. Bloomberg Government Congress reporter 553 00:30:34,560 --> 00:30:38,200 Speaker 1: still at it, working the halls of power on Capitol 554 00:30:38,280 --> 00:30:41,960 Speaker 1: Hill and with us here on the fastest hour in politics. 555 00:30:42,000 --> 00:30:44,800 Speaker 1: Mitch McConnell weighed in on the plan today. Of course, 556 00:30:44,880 --> 00:30:48,080 Speaker 1: you know, as we talk about reconciliation. Just to remind you, 557 00:30:48,160 --> 00:30:50,120 Speaker 1: since this gets to be a little wonky, it's just 558 00:30:50,200 --> 00:30:53,920 Speaker 1: like Build Back Better last year. It's only Democrats. That's 559 00:30:53,960 --> 00:30:56,400 Speaker 1: why they have to have the Parliamentary and scrub this 560 00:30:56,520 --> 00:31:02,000 Speaker 1: thing and actually be a budget revenue bill. And the 561 00:31:02,080 --> 00:31:06,160 Speaker 1: Parliamentarian is not done yet, could still take components out 562 00:31:06,160 --> 00:31:09,600 Speaker 1: of this. As we've heard, there have been challenges to 563 00:31:09,800 --> 00:31:15,720 Speaker 1: every component of this bill from Republicans. Senate Minority Leader 564 00:31:15,720 --> 00:31:18,040 Speaker 1: Mitch McConnell on the floor this morning. This bill is 565 00:31:18,040 --> 00:31:21,720 Speaker 1: a massive goodie bag of far left environmental activists at 566 00:31:21,720 --> 00:31:25,640 Speaker 1: the expense of working families. Democrats want to use their 567 00:31:25,640 --> 00:31:30,000 Speaker 1: own inflation as a pretext, could dump hundreds of billions 568 00:31:30,000 --> 00:31:34,080 Speaker 1: of dollars into Green New Deal nonfense. This bill declares 569 00:31:34,120 --> 00:31:38,480 Speaker 1: war on American energy, independent and affordability. We'll keep you 570 00:31:38,520 --> 00:31:41,040 Speaker 1: posted on this and we'll reassemble the panel next on 571 00:31:41,160 --> 00:31:43,720 Speaker 1: sound On brought to you by Commonwealth supporting more than 572 00:31:43,760 --> 00:31:47,560 Speaker 1: two thousand independent financial advisers with the solutions they need 573 00:31:47,640 --> 00:31:50,480 Speaker 1: to grow a thriving business. Commonwealth go where you grow. 574 00:31:50,840 --> 00:31:54,840 Speaker 1: Visit Commonwealth dot com to learn more. Check traffic and 575 00:31:54,880 --> 00:32:00,240 Speaker 1: markets on the way. This is Bloombird. You're loose name 576 00:32:00,280 --> 00:32:05,000 Speaker 1: to Bloomberg. You sound on with Joe Matthew on Bloomberg Radio. 577 00:32:07,480 --> 00:32:11,960 Speaker 1: Could Senator kirston Cinema sinc the Inflation Reduction Act? She's 578 00:32:12,000 --> 00:32:16,000 Speaker 1: certainly poised to make some changes, as Bloomberg is now reporting, 579 00:32:16,080 --> 00:32:18,959 Speaker 1: But as we remember from Build Back Better, changes on 580 00:32:19,000 --> 00:32:24,040 Speaker 1: the tax side can also mean big changes on the inside. 581 00:32:25,000 --> 00:32:28,960 Speaker 1: Let's reassemble the panel for their take. Bloomberg Politics contributor 582 00:32:29,040 --> 00:32:32,960 Speaker 1: Democratic analyst Jeanie Chanzano is joined today by Chap and Fay, 583 00:32:33,040 --> 00:32:36,440 Speaker 1: Republican strategist, and great to have you both back. Jennie, 584 00:32:38,080 --> 00:32:41,440 Speaker 1: is it about to happen again? I don't think we 585 00:32:41,480 --> 00:32:43,760 Speaker 1: could take it, Joe Matthews, So I certainly hope not. 586 00:32:44,000 --> 00:32:48,800 Speaker 1: But you know it was, well, that's true. Joe Manchin 587 00:32:48,880 --> 00:32:50,920 Speaker 1: took the blame really, or was given the blame for 588 00:32:50,960 --> 00:32:53,120 Speaker 1: Build Back Better the end of last year, but kirston 589 00:32:53,160 --> 00:32:56,720 Speaker 1: Cinema was just as much a problem for it, right, Yeah, yeah, 590 00:32:56,760 --> 00:32:59,240 Speaker 1: and it's true, you know, and too Jack's point earlier. 591 00:32:59,320 --> 00:33:02,480 Speaker 1: You know, this is surprising. Um, she has long had 592 00:33:02,560 --> 00:33:05,280 Speaker 1: this you know, view of the carried interest loophole. So 593 00:33:05,360 --> 00:33:09,200 Speaker 1: that's not a surprise, Um, corporate tax. You know the 594 00:33:09,240 --> 00:33:11,160 Speaker 1: fact that she may want to make some changes in 595 00:33:11,240 --> 00:33:13,880 Speaker 1: there a little bit more surprising, I would say, but 596 00:33:14,120 --> 00:33:17,400 Speaker 1: you know, not not unthinkable. Um. The problem I think 597 00:33:17,440 --> 00:33:20,720 Speaker 1: for Democrats is the longer this goes, the more Republicans 598 00:33:20,720 --> 00:33:23,280 Speaker 1: are able to pick it apart, and that people come 599 00:33:23,320 --> 00:33:26,840 Speaker 1: in and try to make changes, and that makes it harder. 600 00:33:26,880 --> 00:33:29,160 Speaker 1: You know, do I think they'll still get it done? Yes, 601 00:33:29,240 --> 00:33:32,160 Speaker 1: I do, But this has always been an incredibly you know, 602 00:33:32,600 --> 00:33:35,880 Speaker 1: you know, high tight rope act for for the Democrats 603 00:33:35,920 --> 00:33:39,120 Speaker 1: to walk because they can't lose anyone at this point cheap. 604 00:33:39,160 --> 00:33:41,760 Speaker 1: And there were a lot of questions about why Kirsten 605 00:33:41,840 --> 00:33:44,000 Speaker 1: Cinema wasn't in the room, why was this a Schumer 606 00:33:44,080 --> 00:33:49,960 Speaker 1: mansion deal. I suppose we're still asking those questions. Yeah, 607 00:33:49,960 --> 00:33:53,240 Speaker 1: I mean it's a legitimate, uh, concerned complain of hers, 608 00:33:53,320 --> 00:33:56,000 Speaker 1: and it's given her this opening, Um, I think was 609 00:33:56,160 --> 00:33:58,600 Speaker 1: sort of the wind at her back rather than the others. 610 00:33:59,080 --> 00:34:02,400 Speaker 1: So it is this opportunit for Republicans. You heard what 611 00:34:02,520 --> 00:34:05,600 Speaker 1: Mitch McConnell had to say about it, a far left 612 00:34:05,680 --> 00:34:09,200 Speaker 1: goodie bag. Can Republicans make changes in this sort of 613 00:34:09,280 --> 00:34:14,919 Speaker 1: point of vulnerability or is that not the case? Reciliation? Well, 614 00:34:15,000 --> 00:34:18,080 Speaker 1: I'm I'm not Sentate parliamentarian, thank gosh, and I don't 615 00:34:18,120 --> 00:34:21,000 Speaker 1: envy the Senate Parliamentary in these days. Um, but I 616 00:34:21,400 --> 00:34:24,320 Speaker 1: believe they're talking about a vote rama and under a reconciliation, 617 00:34:24,360 --> 00:34:26,600 Speaker 1: I think they can offer certain amendments, as we can 618 00:34:26,600 --> 00:34:30,480 Speaker 1: know Sarah McConnell and Republicans in the past have been 619 00:34:30,560 --> 00:34:32,800 Speaker 1: very good at that. And listen, it's less than a 620 00:34:32,880 --> 00:34:36,120 Speaker 1: hundred days to the midterm elections, So I think both 621 00:34:36,160 --> 00:34:40,479 Speaker 1: parties are going to, um, you know, forget about doing 622 00:34:40,480 --> 00:34:42,640 Speaker 1: good by the people for a second, try and you know, 623 00:34:42,719 --> 00:34:46,680 Speaker 1: quote unquote win um this battle. Regardless of what that 624 00:34:46,719 --> 00:34:48,799 Speaker 1: looks like. I do agree that I think it will 625 00:34:48,840 --> 00:34:50,880 Speaker 1: get done. But I do think there's a ton of 626 00:34:50,880 --> 00:34:54,880 Speaker 1: opportunities for Republicans to pick apart each one and use 627 00:34:54,920 --> 00:34:57,320 Speaker 1: it to their advantage in the in the coming midterms, 628 00:34:57,360 --> 00:35:00,200 Speaker 1: and Democrats could do the same thing. Jack Fitzpatrick's him 629 00:35:00,239 --> 00:35:03,080 Speaker 1: to think that this could still flow without a big rewrite, 630 00:35:03,120 --> 00:35:06,839 Speaker 1: without another submission to the Parliamentarian. Uh here, Jeannie, but boy, 631 00:35:06,880 --> 00:35:11,160 Speaker 1: the time is just not on Democrats side. You've got 632 00:35:11,160 --> 00:35:14,040 Speaker 1: an August recess. I suppose they can change that reschedule it. 633 00:35:14,080 --> 00:35:16,160 Speaker 1: We know it will be a working weekend, but are 634 00:35:16,160 --> 00:35:18,680 Speaker 1: we really doing this. We're gonna come back in September 635 00:35:19,000 --> 00:35:21,200 Speaker 1: and hash this out in the media with kirston Cinema 636 00:35:21,200 --> 00:35:23,000 Speaker 1: and Joe Manchon. This is this is like a bad 637 00:35:23,080 --> 00:35:26,160 Speaker 1: dream for some Democrats, it is, you know, I think 638 00:35:26,200 --> 00:35:29,640 Speaker 1: it becomes very, very difficult to do this after Labor Day, 639 00:35:29,680 --> 00:35:32,319 Speaker 1: as Japan just mentioned, you know, you are then dangerously 640 00:35:32,400 --> 00:35:35,120 Speaker 1: close to the mid term um, you know, and you 641 00:35:35,160 --> 00:35:38,279 Speaker 1: know I was noting things like Bernie Sanders obviously he's 642 00:35:38,280 --> 00:35:41,160 Speaker 1: seldom happy with these things, but he has torn into 643 00:35:41,239 --> 00:35:43,839 Speaker 1: Joe Manchon about what what's not in this bill. Not 644 00:35:43,920 --> 00:35:47,719 Speaker 1: a big surprise there, but they can't afford to lose anyone. 645 00:35:47,800 --> 00:35:50,759 Speaker 1: And I thought one of the most fascinating reads on 646 00:35:50,800 --> 00:35:54,120 Speaker 1: the terminal was Stephen Dennis and Jenny Leonard's piece about 647 00:35:54,160 --> 00:35:57,880 Speaker 1: how the lobbying effort not a surprise, but the details 648 00:35:57,920 --> 00:36:01,480 Speaker 1: of the lobbying effort that is going in Christian Cinema's 649 00:36:01,520 --> 00:36:05,040 Speaker 1: ear is utterly astounding when you look at it. Everyone 650 00:36:05,120 --> 00:36:08,919 Speaker 1: from the CEO of the Arizona Chamber of Commerce, two Republicans. 651 00:36:08,960 --> 00:36:11,480 Speaker 1: I mean, that was a fascinating reed to see the 652 00:36:11,520 --> 00:36:14,160 Speaker 1: amount of pressure she's being put under, not only by 653 00:36:14,200 --> 00:36:17,600 Speaker 1: Democrats but Republicans and people in her state and across 654 00:36:17,640 --> 00:36:20,200 Speaker 1: the country who know she holds this in her hands. 655 00:36:20,200 --> 00:36:23,200 Speaker 1: So she's been very tight lipped, obviously, but we see 656 00:36:23,239 --> 00:36:25,520 Speaker 1: her and we hear about her getting a lot of 657 00:36:25,560 --> 00:36:29,120 Speaker 1: a lot of information from people who have very different views. Well, 658 00:36:29,160 --> 00:36:31,239 Speaker 1: just when you think again that nothing gets done in 659 00:36:31,280 --> 00:36:34,120 Speaker 1: Washington than that we're bogged down, and of course we 660 00:36:34,200 --> 00:36:38,160 Speaker 1: are bogged down on well most things, something did pass 661 00:36:38,280 --> 00:36:42,000 Speaker 1: the Senate today. On this vote, the yea's are six, 662 00:36:42,640 --> 00:36:46,960 Speaker 1: the nays are eleven. Under the previous order requiring sixty 663 00:36:47,040 --> 00:36:50,279 Speaker 1: votes for the adoption of this motion to concur the 664 00:36:50,320 --> 00:36:53,560 Speaker 1: motion is agreed to you, Senator Hassen. That's the vote 665 00:36:53,600 --> 00:36:57,680 Speaker 1: on the Packed Act. We spent time on this last week, 666 00:36:58,080 --> 00:37:01,440 Speaker 1: uh and even early this week. This was the burn 667 00:37:01,520 --> 00:37:04,520 Speaker 1: Pits Bill. This was the bill to provide healthcare enhanced 668 00:37:04,560 --> 00:37:08,799 Speaker 1: healthcare benefits to military veterans who were impacted made sick 669 00:37:08,840 --> 00:37:12,160 Speaker 1: by toxic burn pits uh in in the field and 670 00:37:12,200 --> 00:37:16,200 Speaker 1: in many cases in combat, although some here on basis 671 00:37:16,280 --> 00:37:19,960 Speaker 1: in the US chapin Fay, Republicans took big heat for 672 00:37:20,040 --> 00:37:23,319 Speaker 1: voting against this last week and an apparent reversal to 673 00:37:23,480 --> 00:37:26,600 Speaker 1: protest the Mansion Schumer deal, a lot of them came 674 00:37:26,640 --> 00:37:29,560 Speaker 1: back to make this happen. Was was this an egg 675 00:37:29,600 --> 00:37:32,640 Speaker 1: on face moment for the GOP um? I mean, I 676 00:37:32,640 --> 00:37:35,239 Speaker 1: think it will play that way, right, regardless of what 677 00:37:35,320 --> 00:37:38,799 Speaker 1: the what the reasoning is behind bills and votes. You know, 678 00:37:38,840 --> 00:37:41,560 Speaker 1: there's not a lot of room for nuance in today's 679 00:37:42,120 --> 00:37:45,719 Speaker 1: seven twitter media environment. Um. So, regardless of what the 680 00:37:45,800 --> 00:37:48,799 Speaker 1: arguments for Republicans voting against it and then coming back, 681 00:37:49,200 --> 00:37:50,799 Speaker 1: it's gonna look like they have egg on their face. 682 00:37:50,840 --> 00:37:53,280 Speaker 1: I mean, it's a billet that that I think everyone 683 00:37:53,280 --> 00:37:57,080 Speaker 1: agrees should have been passed. Um. So if Republicans want to, 684 00:37:57,520 --> 00:37:59,640 Speaker 1: you know, take a take a vote for some sort 685 00:37:59,640 --> 00:38:03,000 Speaker 1: of print, well that's fine. Um, but it is gonna 686 00:38:03,000 --> 00:38:05,880 Speaker 1: look a little a little silly now that someone came 687 00:38:05,880 --> 00:38:08,200 Speaker 1: back and Muslim came back to vote for it. It's 688 00:38:08,200 --> 00:38:11,439 Speaker 1: a win for Democrats for for Joe Biden, Genie, he's 689 00:38:11,480 --> 00:38:15,479 Speaker 1: already scheduled a signing ceremony for next week, which which 690 00:38:15,560 --> 00:38:17,520 Speaker 1: Jeanie should tell you something. You know, in the midst 691 00:38:17,520 --> 00:38:20,480 Speaker 1: of this reconciliation debate, you get something like this, you 692 00:38:20,560 --> 00:38:24,239 Speaker 1: don't sign it unless there's a ceremony, plans you can 693 00:38:24,320 --> 00:38:27,120 Speaker 1: take credit for it. That's right, and we shouldn't forget, 694 00:38:27,160 --> 00:38:29,920 Speaker 1: you know, a very emotional issue for Joe Biden. He 695 00:38:30,120 --> 00:38:32,759 Speaker 1: attributes the brain cancer and the death of his son 696 00:38:32,840 --> 00:38:35,440 Speaker 1: Bo to exposure to burn pits like this so very 697 00:38:35,480 --> 00:38:37,560 Speaker 1: emotional for him. And of course the bill named after 698 00:38:37,640 --> 00:38:40,800 Speaker 1: Sergeant Robinson, thirty nine year old died of lung cancer. 699 00:38:41,160 --> 00:38:43,880 Speaker 1: His mother in law spent so much time pushing for this, 700 00:38:44,000 --> 00:38:46,360 Speaker 1: and so moving were her remarks about the fact that 701 00:38:46,440 --> 00:38:49,400 Speaker 1: doesn't benefit her family at all, but hopefully it is 702 00:38:49,440 --> 00:38:51,480 Speaker 1: in tribute to her son in law. So it's going 703 00:38:51,520 --> 00:38:54,799 Speaker 1: to be a very moving signing ceremony. It's you know, 704 00:38:54,880 --> 00:38:57,399 Speaker 1: I think it's a win for veterans and a win 705 00:38:57,520 --> 00:39:00,560 Speaker 1: for everybody who served in the in the Middle terry. 706 00:39:00,640 --> 00:39:03,279 Speaker 1: It's hard to see this as just a win for Democrats, 707 00:39:03,280 --> 00:39:05,839 Speaker 1: and and I hope that it's not sold that way, 708 00:39:05,880 --> 00:39:09,319 Speaker 1: because this is a critically important bill. Another important vote 709 00:39:09,360 --> 00:39:14,120 Speaker 1: happening today in the Senate is that to approve the 710 00:39:14,560 --> 00:39:18,719 Speaker 1: Sweden Finland entrance to NATO. This is something that has 711 00:39:18,760 --> 00:39:22,560 Speaker 1: to be cleared by legislatures in all of the countries involved. 712 00:39:22,600 --> 00:39:26,120 Speaker 1: And boy, to listen to Mitch McConnell today, essentially daring 713 00:39:26,239 --> 00:39:29,920 Speaker 1: his Republican members to vote against their session will make 714 00:39:30,040 --> 00:39:35,319 Speaker 1: NATO stronger and America more secure. If any Senator is 715 00:39:35,360 --> 00:39:39,279 Speaker 1: looking for a defensible excuse to vote no, I wish 716 00:39:39,320 --> 00:39:44,440 Speaker 1: him good luck. I believe Josh Holly was one of them. Chapin, 717 00:39:45,440 --> 00:39:50,239 Speaker 1: this isn't something Republicans want to stand against, correct, I 718 00:39:50,280 --> 00:39:54,200 Speaker 1: don't think so. Um, you know, expansion of NATO. UM 719 00:39:54,680 --> 00:39:58,200 Speaker 1: is important and um, a strong NATO is important for 720 00:39:58,239 --> 00:40:01,960 Speaker 1: our national offense and the defense more allies. And you know, 721 00:40:01,960 --> 00:40:04,799 Speaker 1: when Nancy Pelosi is over, you know, making a point 722 00:40:04,800 --> 00:40:08,279 Speaker 1: in Taiwan. Um, I think it's important that this, you know, 723 00:40:08,320 --> 00:40:11,360 Speaker 1: I don't think Republicans. I don't think very many Republicans 724 00:40:11,400 --> 00:40:13,280 Speaker 1: are going to vote against it in the end, especially 725 00:40:13,360 --> 00:40:16,120 Speaker 1: since the leader, you know, uh Center McConnell, you know, 726 00:40:16,200 --> 00:40:20,720 Speaker 1: isn't really in the habit of letting Republicans go um 727 00:40:20,800 --> 00:40:24,080 Speaker 1: off the reservation um, you know, unless they have good reasons. 728 00:40:24,120 --> 00:40:27,160 Speaker 1: So I think it'll I think most Republicans will be 729 00:40:27,200 --> 00:40:29,120 Speaker 1: there on this, so we can cross this one off 730 00:40:29,120 --> 00:40:31,399 Speaker 1: the list too, then, Jennie, I think so we think 731 00:40:31,600 --> 00:40:33,880 Speaker 1: the shopping list, you know, to end the summer with 732 00:40:34,000 --> 00:40:36,680 Speaker 1: this was another component. Yeah, this is and you know 733 00:40:36,760 --> 00:40:39,520 Speaker 1: it looks like what ninety plus or minus votes this 734 00:40:39,560 --> 00:40:41,880 Speaker 1: will pass. You know, we should say, I mean, Holly's 735 00:40:41,880 --> 00:40:44,880 Speaker 1: opposition is rooted sort of a Trumpian view of not 736 00:40:45,000 --> 00:40:48,400 Speaker 1: expanding NATO, but of course that's all changed in the 737 00:40:48,400 --> 00:40:51,520 Speaker 1: wake of Russia's invasion into a Ukraine. So you know 738 00:40:51,960 --> 00:40:54,680 Speaker 1: it's Mitch mccamwell is probably saying, guys, don't do what 739 00:40:54,719 --> 00:40:57,000 Speaker 1: you did on the Pact Act, even though we should 740 00:40:57,000 --> 00:40:59,880 Speaker 1: say Toomey's vote there was probably principle, but many of 741 00:40:59,880 --> 00:41:04,840 Speaker 1: the others were not. Genie, thank you, Chapin Faye as always, 742 00:41:04,840 --> 00:41:07,520 Speaker 1: great panel. Jeanie Schanzon will be back with us tomorrow 743 00:41:07,520 --> 00:41:09,320 Speaker 1: and shape and it's great to talk with you. Republican 744 00:41:09,360 --> 00:41:13,680 Speaker 1: strategist here on Bloomberg sound on. Uh yeah, I'll tell 745 00:41:13,719 --> 00:41:17,759 Speaker 1: you what the uh the the debate if we can 746 00:41:17,800 --> 00:41:20,480 Speaker 1: call it that. Leading up to UH, you know this 747 00:41:20,560 --> 00:41:26,200 Speaker 1: vote on Sweden and Finland remarkable Senator Tom Carper Delaware, 748 00:41:26,760 --> 00:41:29,640 Speaker 1: UH spent quite a bit of time talking about this 749 00:41:30,680 --> 00:41:32,840 Speaker 1: on the floor. If you think that you know, Washington 750 00:41:33,000 --> 00:41:39,880 Speaker 1: is is all serious wonky policy, get a dose of 751 00:41:39,920 --> 00:41:43,040 Speaker 1: Tom Carper making the case for Sweden. I had the 752 00:41:43,080 --> 00:41:47,279 Speaker 1: privilege sitting next to the Queen during um dinner and UH, 753 00:41:47,480 --> 00:41:50,000 Speaker 1: I said that. The Queen Sylvia said, is there a 754 00:41:50,000 --> 00:41:53,040 Speaker 1: connection between Aba and you were and your husband? Is 755 00:41:53,080 --> 00:41:56,719 Speaker 1: there there is? I said, well, what is it? She said, 756 00:41:56,760 --> 00:42:01,640 Speaker 1: the night before we're married? Uh, in Sweden? She said 757 00:42:01,680 --> 00:42:05,520 Speaker 1: there there was a huge celebration and a concert out 758 00:42:05,600 --> 00:42:07,880 Speaker 1: to our concert with tens of thousands of people, and 759 00:42:07,960 --> 00:42:12,439 Speaker 1: she said the headlining group for the concert was they said, 760 00:42:12,440 --> 00:42:16,600 Speaker 1: no kidding and this is and she said that was 761 00:42:16,640 --> 00:42:23,440 Speaker 1: a night they debuted the song Dancing Queen. How about 762 00:42:23,480 --> 00:42:26,319 Speaker 1: that for maybe one of the best pop songs I've 763 00:42:26,320 --> 00:42:29,520 Speaker 1: ever heard. And I won't say that we sat there 764 00:42:29,520 --> 00:42:31,840 Speaker 1: and come to few bars, but maybe we did. We 765 00:42:31,920 --> 00:42:34,480 Speaker 1: had a lot of common with this. Weet ended him 766 00:42:34,600 --> 00:42:38,120 Speaker 1: the chair, very very much appreciation with you for the 767 00:42:38,560 --> 00:42:44,040 Speaker 1: arts music. Yeah, it's about our shared interest in the 768 00:42:44,200 --> 00:42:48,360 Speaker 1: arts and especially music, and by that I mean aba 769 00:42:50,560 --> 00:42:52,920 Speaker 1: that Sweden will at last see its way into NATO, 770 00:42:53,000 --> 00:42:57,440 Speaker 1: and at least according to the US Senate. Apologies for 771 00:42:57,480 --> 00:43:00,200 Speaker 1: the earworm, and thanks to everyone for jumping in. Eric 772 00:43:00,239 --> 00:43:03,799 Speaker 1: Watson with breaking news, Jessica Taylor after our primaries are 773 00:43:03,880 --> 00:43:07,680 Speaker 1: panel Genie and Shapen, and of course Jack Fitzpatrick. This 774 00:43:08,200 --> 00:43:08,800 Speaker 1: is Bloomberg.